Northern Capital Looks to Write for State Farm

Northern Capital Insurance Group, a Florida-based carrier providing Floridians with homeowners, commercial and auto insurance, announced they are prepared to insure 50,000 State Farm customers as the insurer withdraws from Florida.

Northern Capital Insurance Group was the first Florida-based insurance company to issue a public statement of commitment to the Florida insurance market following State Farm's announcement to withdraw from Florida. Northern Capital Insurance Group currently provides over $20 billion dollars of insurance coverage for Florida homeowners.

State Farm's own timetable calls for a non-renewal of approximately 470,000 property policies over the next year as it pursues its two-year withdrawal plan from Florida.