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Tue Mar 21, 2017, 12:11 AM

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: http://www.orlandosentinel.com/business/os-bz-nsf-state-farm-florida-ruling-20170320-story.html

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