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Article: State Farm Insurance Agrees to Return Money to Florida Customers.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- August 27, 1998
- Author:
CopyrightCOPYRIGHT 1998 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Aug. 28--Under pressure from state regulators, State Farm finally agreed Thursday to return millions of dollars to more than 3 million Florida customers of its residential, auto and workers compensation insurance lines.
State Farm also agreed to improve its hurricane coverage after the company and the state Department of Insurance received complaints about reduced coverage -- changes that are prompting some South Floridians to drop State Farm as their insurer.
Thursday's announcement came nearly two months after State Farm spurned Insurance Commissioner Bill Nelson's order to cut homeowners' insurance rates. Nelson, ...