After State Farm Prepares to Deny Insurance Renewals on More Than 11000 Policies
Texas Insider Report: AUSTIN Texas Texas Attorney General Greg Abbott made the following statement regarding the States investigation into State Farms proposal to deny renewed coverage on more than 11000 policies of Gulf Coast Texans:
The largest issuer of homeowners insurance in Texas has filed a lawsuit in an attempt to prevent the Attorney Generals Office from investigating its non-renewal of thousands of residential property insurance policies along the Gulf Coast" Attorney General Abbott said. Given the number of Texans that are affected we want to ensure that State Farm complies with the law. If State Farm has not done anything wrong its certainly curious that they would go to court just to avoid the States subpoenas."
On April 16 the Attorney Generals Office sent civil investigative demands a type of civil subpoena to State Farm Lloyds of Texas seeking information about the companys decision not to renew more than 11000 Gulf Coast policies.
Late last week State Farm filed a lawsuit against the Attorney Generals Office in an effort to avoid its obligation to provide the information requested by the State. To date State Farm Lloyds has not produced a single document in response to the subpoenas issued by the Attorney Generals Office.
