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Some State Farm customers will see a 28 percent increase in their premiums.

The state has approved the insurer’s request to drop discounts for upgraded pluming, holding multiple policies and making minimal claims. State Farm was providing the discounts voluntarily. Mandatory discounts for people who strengthen their homes against storms will remain and the move will have no effect on the insurer’s plan to leave the state. Steve Patron, General Council for the Office of Insurance Regulation, said there’s still no solid pull out date for the company.

“This process can be a very lengthy process. You have a hearing at DOAH (Division of Administrative Hearings). There is something like 90 days after that for the party to file recommended orders then the ALJ (Administrative Law Judge) has a certain time limit when he or she issues a final order at that point either party can appeal to the First District Court of Appeals. That can take anywhere from six to 16 months, typically a year. So this process is a lengthy process given the circumstances,” said Patron.

OIR and State Farm will have a hearing before the Division of Administrative Hearings on October 12th to try and reach an agreement on an exit strategy for the insurer. State Farm plans to drop homeowner’s policies two years after its exit strategy is approved.