State Farm ordered to issue refunds - Orlando Business Journal:

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In addition, the insurance company must paya $1 million penalty to the . By law, insuranced companies must tell their policyholderx at the time a policy is issuexd or renewed about the discounts available for enhancin g the wind resistance oftheitr homes. "I am very pleased that Statse Farm policyholders will now be getting the appropriatw monetary credit for the important wind mitigation devices they put ontheire homes," said Florida Insurance Commissioner Kevin McCarty. "Taking steps to fortifyh our homes against wind damage isvery important. Everythingh Florida consumers can do to reduce storj damage helps to keep property insurance costs down.
" The order follows a July notice to State Farm of an investigatio into whether the company was properly implementinvg the mitigation discount program. As the resuly of an internal review, State Farm identified abour 98,000 current or former policyholders to whom it will providre creditsor refunds. Thos entitled to the refunds will receivee a notice fromthe company. The refund must include 7 percentg interest on the amount due to each policyholde runtil paid.