Insurance Law News
9/8/2008 12:03:20 AM EST
Fla. denies State Farm appeal in rate hike case
Fla. insurance commissioner denies State Farm appeal of hurricane rate increase rejection
NEW YORK (AP) - The state's insurance commissioner on Sept. 5 denied State Farm Florida's appeal of his decision to reject a 47.1 percent rate increase for property coverage against hurricanes and other perils. Commissioner Kevin McCarty refused to grant a formal hearing on grounds the company failed to allege any material issues of fact that are in dispute. Full version available here.
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