A Florida administrative law judge has recommended against State Farm Florida's request for a statewide average homeonwers insurance rate increase of 47.1 percent.
Administrative Law Judge Daniel Manry, of the Division of Administrative Hearings, said, "State Farm Florida did not show by a preponderance of the evidence that either the indicated rate or requested rate in the rate filing is not excessive, inadequate, or unfairly discriminatory."
The rate request was brought before Judge Manry after State Farm Florida appealed Florida Insurance Commissioner Kevin McCarty's decision to reject the company's requested increase in August.
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