HELP PLEASEEEEE i dont want miss this homework!?

Question

Hey i need help on this homework,

i need a normal paragraph like a resumen of this article:

State regulators intend to reject State Farm Florida's request for an average 47.1 percent increase on its homeowners policies.

In South Florida and coastal regions of the state, the rate increase would have been substantially higher.

The Office of Insurance Regulation said it had thoroughly reviewed State Farm's filing and the testimony the company gave at the Aug. 12 public hearing in Tallahassee.

Deputy Commissioner Belinda Miller said ``State Farm did not provide appropriate support for the rate increase it requested.''

Chris Neal, a State Farm spokesman, said the company hasn't received word yet from OIR on the specifics of why the agency intends to reject the rate request.

Neal said the company obviously is disappointed and will review all its options, which include petitioning for an administrative hearing.

``The goal is to take the best course to protect our Florida policyholders.''

State Farm is the largest private insurer of homes in the state with roughly 1 million policyholders.

Answer 1

Just give the basic facts of the article. With an over-view, you just want to highlight the main points of the article-who, what, where, when and how.  Find them, and put them together in paragraph(s) form.  something like this;

State Farm, the largest private insurer of homes in Florida has asked state regulators to increase it's homeowners policies by atleast 47.1%. The Office of Insurance Regulation reviewed the filing on August 12/08 and Deputy Commissioner Belinda Miller said ``State Farm did not provide appropriate support for the rate increase it requested.''  State Farm intends to petition for an administrative hearing.