State Farm is awaiting a decision on its request to raise property insurance rates by almost 50 percent. State Farm is the state?s largest public insurer. The company claims it will lose money if a hurricane struck Florida and it needs to increase rates to prepare for a storm. State Farm?s request came while the governor was on an overseas trade mission. Governor Charlie Crist is asking for the request to be denied.<\/p>\n

?I was shocked to see them request that high a rate increase. You know overall the average has been a 16 percent decrease in property insurance in Florida, in the last year and a half. And I think its appalling State Farm would ask that rate increase. I?ve sent a letter to commissioner McCarty to that affect and I hope that he will reject it,? said Crist.<\/p>\n

A public hearing regarding State Farm?s request has been scheduled for August 12th in Tallahassee.<\/p>\n","protected":false},"excerpt":{"rendered":"

State Farm is awaiting a decision on its request to raise property insurance rates by almost 50 percent. State Farm is the state?s largest public insurer. The company claims it will lose money if a hurricane struck Florida and it needs to increase rates to prepare for a storm. State Farm?s request came while the […]<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,21,5,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.flanews.com\/wp-json\/wp\/v2\/posts\/2369"}],"collection":[{"href":"https:\/\/www.flanews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.flanews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.flanews.com\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.flanews.com\/wp-json\/wp\/v2\/comments?post=2369"}],"version-history":[{"count":0,"href":"https:\/\/www.flanews.com\/wp-json\/wp\/v2\/posts\/2369\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.flanews.com\/wp-json\/wp\/v2\/media?parent=2369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.flanews.com\/wp-json\/wp\/v2\/categories?post=2369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.flanews.com\/wp-json\/wp\/v2\/tags?post=2369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}