Finance and Business

State Farm looks to cut all home insurance discounts in Florida

The Times reports that State Farm has filed papers with the State of Florida to eliminate or trim nearly all discounts for homeowners insurance in Florida. They claim it is an attempt to remain solvent, as they gradually withdraw from the Florida market.

State Senator Fasano was particularly annoyed that State Farm would be repealing the discount for homeowners who proactively took steps to secure their homes from storm damage.

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