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State Automobile Mutual Insurance Company, commonly shortened to State Auto Mutual or State Auto, is an American insurance company based in Columbus, Ohio. It was incorporated in 1921 as the first casualty insurance company to be headquartered in Columbus. [1] [2] In 2022, it was acquired by Liberty Mutual for approximately $1 billion. [3]
In early 2009, the State Farm Florida subsidiary, the state's largest insurer, offered to withdraw from writing property insurance business in Florida after state regulators refused to approve a 47% property rate increase. State Farm said that, in Florida, it had paid out US$1.21 in claims for every dollar in premiums since 2000.
Insurify is an auto and home insurance comparison insurance website that uses predictive modeling in order to make shopping for car insurance easier. Insurify is the operator of Evia (Expert Virtual Insurance Agent), which allows users to search for car insurance by texting a photo of their license plate. The company invented RateRank, a ...
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The letter stated: "The conditions of the property insurance marketplace in Florida are unsustainable, and without the necessary corrective action, many Florida insurers will struggle to maintain adequate surplus, efficient capital sources will avoid the market, private reinsurance costs will become prohibitively expensive, and consumers will ...
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MyFloridaMarketPlace (MFMP) is the State of Florida's award-winning [14] e-Procurement system. The system, launched in 2013, is a source for centralized procurement activities, streamlining interactions between vendors and state government entities, and providing tools to support innovative procurement for the State of Florida. [15]