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February 14, 2009

Florida OKs State Farm


Florida OKs State Farm pull-out, with conditions (Reuters via Yahoo! News)
Florida regulators approved on Friday a plan by State Farm to pull out of the property insurance market in the state, but only if it avoids dumping policyholders into a state-run pool.

Guest Commentary: State Farm's exit leaves Florida on the brink (Crestview News Bulletin)
State Farm s decision to quit providing homeowners insurance in Florida shows the state s insurance market simply can t survive in its current form. Moreover, the company s exit won t merely leave thousands of Florida homeowners


 
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