Insurance regulators want State Farm to clarify nonrenewal d

by angelroberts » Sat Aug 16, 2008 03:25 am

After State Farm Florida vice president Kathy Popejoy told regulators at a rate hearing Tuesday that the company was dropping wind coverage on 23,000 policies, company officials scrambled to clarify that would not violate an agreement State Farm has with the Florida Office of Insurance Regulation to cap its nonrenewals at 50,000.

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