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State Farm might not pull out of Florida's homeowners insurance market after all, Florida Insurance Commissioner Kevin McCarty said Thursday.
McCarty said he's "cautiously optimistic" that State Farm will keep at least some of its homeowners policies in Florida.
Bloomington, Ill.-based State Farm is Florida's largest private insurer of homes, and it said in January that it would stop writing property policies in Florida, where it covers 700,000 homes.
"We've really been having intense negotiations with the company at very high levels,'' McCarty said Thursday.
Neither McCarty nor a State Farm spokesman offered details of the negotiations.
"We don't want to talk about it publicly until we reach an agreement," said State Farm spokesman Chris Neal. Read rest of story from Post |
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