Best’s News & Research Service - August 11, 2008 02:11 PM (EDT)
Daybook for Tuesday, Aug. 12, 2008: In Florida, Hearing Due on State Farm Rate Request
WASHINGTON //BestWire// - The Florida Office of Insurance Regulation plans a public hearing on a rate increase requested by State Farm Insurance, the state's second largest property insurer. If approved, the 47% rate hike would be the third homeowners insurance rate change for State Farm's Florida unit since December 2006. The company announced in February it would stop writing new homeowners policies in the state. A.M. Best's daily daybook is available in expanded form for online viewing at http://www.ambest.com/daybook.
— The Vermont Captive Insurance Association kicks off its 2008 Annual Conference at the Sheraton Hotel and Conference Center in Burlington, Vt. The conference runs through Aug. 14.
— The Insurance Regulatory Examiners Society wraps up its Career Development Seminar at the Renaissance St. Louis Grand and Suites Hotel in St. Louis.
— Limra International starts the second day of its 2008 Advanced Sales Forum at Chicago's Drake Hotel.
— American Security Insurance Co. observes its 45th year of incorporation. The Atlanta-based company is a member of Assurant Solutions.
Search A.M. Best Co.'s extensive directory of upcoming industry meetings and conventions at http://www3.ambest.com/review/convsearch/meetsrch.asp.
(By Jonathan Williams, BestWeek: Jonathan.Williams@ambest.com)