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CFO Sink Statement on State Farm Staying in Florida


FOR IMMEDIATE RELEASE: December 16, 2009
CONTACT: Kyra Jennings or Kevin Cate, 850-413-2842


TALLAHASSEE – Florida CFO Alex Sink today released the following statement after the announcement of State Farm’s settlement with the Florida Office of Insurance Regulation to stay in Florida:

“I am pleased that State Farm and the Office of Insurance Regulation have reached a settlement to keep the largest private property insurer in our state,” said CFO Sink. “My priority is standing up for Florida’s consumers, and now most Floridians will be able to maintain their current State Farm policies if they so choose.  I also am glad that so many Floridians who work as State Farm agents will be able to continue serving their long-time customers.”

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As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services. A successful businesswoman with nearly three decades of experience in the private sector, Sink is serving her first term as Florida's CFO. As CFO, Sink's priorities include using her business experience to cut wasteful government spending, cracking down on financial and insurance fraud and reforming the state government's contracting practices.