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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.
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Allstate. State Farm. Founded. 1931. 1922. Headquarters. Northbrook, IL. Bloomington, IL. NAIC Complaint Rating. 1.56 — above average complaints. 2.58 — above ...
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Terry McNeil, an insurance expert and president and CEO of T.D. McNeil Insurance Services, said State Farm will likely try to do right by its customers but it is already strained in the state. The ...