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State Farm seeks rate hikes citing increased sinkholes

 
Anonymous Coward
User ID: 1250683
United States
02/16/2011 08:04 PM
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State Farm seeks rate hikes citing increased sinkholes
TALLAHASSEE -- Citing sinkhole losses and higher operating expenses, State Farm Florida asked state regulators Tuesday for a 28 percent premium increase on its homeowners policies.

Sinkhole claims, which are approaching $2 billion over the past five years in Florida, have exploded at a great cost to the insurance industry.

[link to staugustine.com]
Anonymous Coward
User ID: 847175
Canada
02/16/2011 08:06 PM
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Re: State Farm seeks rate hikes citing increased sinkholes
ahhh

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