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Legislation to allow State Farm and other Insurance companies to bid on homeowners policies will be voted on next week. Two bills are moving through the legislature. The idea surfaced as many State Farm customers found they would be paying more for replacement insurance if State Farm leaves Florida as planned. The legislation has the apparent support of CFO Alex Sink.

“So the question that is coming up, and I think it’s a legitimate one, the state farm policy holders say, wait a minute, given the 50 percent rate increase, I’ll still be better off,” Sink said. “So I think those are all issues that ought to be addressed by the Insurance Commissioner and the Legislature as well.”

Thousands of State Farm customers have written the Governor and state lawmakers, asking to keep State Farm. Many of the customers say even if State Farm got a 50 percent rate hike, their bills would still be lower than any replacement they can find.