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State Farm Won't Write New Florida Business

However, Samuel Miller, executive vice president of the Florida Insurance Council, noted that State Farm's decision to stop writing new business should not be confused with a withdrawal from the marke

By Matt Brady | Updated on February 25, 2008

As Allstate and Florida regulators battle over a possible license suspension of that company, another major insurer has said it will cease writing new business in the Sunshine State.

State Farm, the largest privately owned insurer in the state, has told the Florida Office of Insurance Regulation that it will not write any new policies in the state.

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