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Insurance agent Larry Lee Jr. (born October 20, 1953) is a Democratic politician and a former member of the Florida House of Representatives , representing the 84th District, which includes eastern St. Lucie County , from 2012 to 2018.
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.
State Farm is becoming a good neighbor to Florida again. The company regained its position as the state’s largest private market insurer — and No. 2 insurer overall — during the first ...
After 2010, eight global insurance carriers, including State Farm, entered or re-entered the Florida market. While the cost of reinsurance fell by 10% in 2010 and was expected to decrease more in 2011, the cost of insurance to consumers remained the same. [10]
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And so they’ve launched two class-action suits, one in Florida and the other in Georgia, claiming State Farm uniformly rejects repair estimates that exceed $4,700 per claim — when the market ...
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