Like a good neighbor

Last Wednesday, State Farm Insurance announced that they will continue to provide property insurance to residents of Florida. According to InsuranceHeadlines.com, part of the settlement with state regulators allows a 14.8% homeowners increase. Unfortunately, 15% of the 810,000 policies will not be renewed.

The rate increases are part of a national trend, especially in hurricane-prone states. With Florida's 2,276 miles of tidal coastlines, is at greater risk than any other state.

Read more about State Farm's decision to be "like a good neighbor" ... they'll be there.