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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 $1.21 USD in claims for every dollar in premiums since 2000.
Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere. It was established by the Florida Legislature in Chapter 627.351 (6) Florida Statutes as a not-for-profit insurer ...
George Jacob "G.J." Mecherle [1] (pronounced "Ma-herl") (June 7, 1877 - March 10, 1951) was the founder of State Farm, headquartered in Bloomington, Illinois.Mecherle, a farmer who later became an insurance agent, founded State Farm after becoming dissatisfied with the insurance rates charged to farmers, as those rates included the risks of city drivers as well.
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In 2015, State Farm’s CEO earned $13.3 million overseeing America’s largest property insurance company. That same year at Tampa-based Heritage Insurance Holdings, one of numerous small Florida ...
And I have insurance with State Farm — which is a strong insurance company.” ... “We have spoken to dozens of State Farm insured [people] in Florida, Illinois, Ohio, Georgia,” Pierson told ...
State Farm Mutual Automobile Insurance Co., 933 F. Supp 635, (S.D.Tex., 1995), the insured's claim was denied for the incident in which an intoxicated pedestrian ran into the side of their vehicle on the freeway.
Florida's resign-to-run law compelled Nelson to submit his resignation as Treasurer, Insurance Commissioner and Fire Marshal early in 2000 when he began to campaign for the U.S. Senate seat. He chose January 3, 2001, as the effective date of his resignation, as that was the date on which new senators would be sworn in. [ 36 ]