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A Subsidiary of State Farm Mutual Insurance Company
A Message to Our Customers from State Farm Florida's President
State Farm Florida continues to engage in discussions with the Florida Office of Insurance Regulation (OIR) with respect to the Company’s plan to withdraw from the Florida property insurance market. To date, agreement with the OIR on a timetable has not been reached.
A hearing is scheduled for Jan. 25, 2010 before the Department of Administrative Hearings (DOAH), to review the withdrawal plan filed by State Farm Florida earlier this year. However, we are hopeful that continued discussions with the OIR will result in an amicable resolution, making administrative action unnecessary.
I want to emphasize that State Farm Florida customers do not need to take any action at this time. State Farm Florida’s withdrawal plan is subject to approval by the OIR. Even after approval, our residential property policyholders will receive at least six months notice before their policy is affected.
In addition, State Farm will continue to offer its other insurance and financial services products, including automobile and life insurance, in Florida.
I encourage customers who have questions or need assistance to visit with their State Farm agent before making any changes to their property insurance coverages.
Jim Thompson
President
State Farm Florida
News and Information
Hearing Continuance Granted [10/19/09]
State Farm Florida Responds to House Bill 1171 Veto [06/24/09]
A.M. Best downgrades State Farm Florida [6/22/09]
Florida Office of Insurance Regulation Grants Request for Administrative Hearing [4/30/09]
State Farm expands sponsorship of ‘Road Ranger’ program in Florida [4/13/09]
State Farm Florida responds to OIR’s conditional approval [3/9/09]
Florida OIR gives conditional approval of State Farm Florida’s plan [2/13/09]
Florida Insurance Commissioner issued a subpoena to State Farm Florida Insurance Company [1/30/09]
State Farm Florida files plan to discontinue property insurance product lines [1/27/09]
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