Post by Logan on Mar 26, 2017 10:46:45 GMT -6
Florida appeals court sides with State Farm on policy information
An appeals court Monday sided with State Farm Florida in a dispute about whether policy information submitted to state regulators is a "trade secret" and should be shielded from public disclosure.
The unanimous ruling by a three-judge panel of the 1st District Court of Appeal was a defeat for the Office of Insurance Regulation, which argued that the property-insurance information should be publicly available.
Insurers have long been required to file the information, which includes by county how many policies are written, canceled or non-renewed, through a database known as the Quarterly and Supplemental Reporting System, or QUASR.
A Leon County circuit judge last year agreed with State Farm's arguments that the information was a trade secret that could be used by competitors if made public.
Read more: www.orlandosentinel.com/business/os-bz-nsf-state-farm-florida-ruling-20170320-story.html
An appeals court Monday sided with State Farm Florida in a dispute about whether policy information submitted to state regulators is a "trade secret" and should be shielded from public disclosure.
The unanimous ruling by a three-judge panel of the 1st District Court of Appeal was a defeat for the Office of Insurance Regulation, which argued that the property-insurance information should be publicly available.
Insurers have long been required to file the information, which includes by county how many policies are written, canceled or non-renewed, through a database known as the Quarterly and Supplemental Reporting System, or QUASR.
A Leon County circuit judge last year agreed with State Farm's arguments that the information was a trade secret that could be used by competitors if made public.
Read more: www.orlandosentinel.com/business/os-bz-nsf-state-farm-florida-ruling-20170320-story.html