State Farm asked for bigger rate hikes and finally had this one approved, but it is a step in the right direction for them and will average 18% for the entire state, but will really hit S. Florida hard! The Office of Insurance Regulation approved the hike and Insurance commissioner Kevin McCarty said they proved their case w/ claim issues in Florida  and the need for the hikes was necessary. The increases will start in July of 2011 and that means the bills going out starting in a few weeks will reflect these new hikes. I guess this is good news for those like L & S Insurance who can quote many carriers and try to help many of these people save money when the renewal comes up. The real issue will be that this is happening just as Hurricane season is under way, so it will be hard for many to get coverage at a reasonable price because of lack of capacity during these times from many Insurance carriers. Many companies are taking hikes like this so this will even the playing field for independent agents. Please read the full article by Julie Patel of the Sun Sentinal and please call L & S for all your Insurance needs.