State Farm Promises Rate Cuts If Law Expires

Feb 19, 2007 Feb. 20--State Farm said Monday it will cut auto insurance rates by a statewide average of about 16 percent, once Florida's No-Fault law ends. Northeast Florida customers would see savings of about 12 percent to 17 percent on their auto policies, company spokesman Michael Grimes said. The Florida No-Fault law is set to end by October if no action is taken by legislators to reinstate or extend the law.....

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