State Farm Wants To Raise Rates Again

February 17, 2011
By Mark A. Kaire on February 17, 2011 5:07 AM |

Like a good neighbor, State Farm is there, seeking to raise rates again.

Unlike years past when State Farm was citing hurricanes, storms, floods, or too many claims as the culprit now we apparently have a sinkhole epidemic. Citing sinkhole losses and higher operating expenses, State Farm Florida asked state regulators Tuesday for a 28 percent premium increase on its homeowners policies.