State Farm Exiting Florida
Quote:
State Farm plans to discontinue property coverage in Florida January 27, 2009 - Wendy Victora and Thomas J. Monigan Daily News
State Farm Florida Insurance Company filed plans Tuesday to discontinue its property insurance lines in Florida.
The company cited its weakened financial condition and rising costs.
... The plan calls for a two-year withdrawal to minimize disruption.
State Senator Don Gaetz said that a law in Florida could prohibit State Farm from selling other lines of insurance -- like automobile, health and life coverage in the state -- if it no longer offers property insurance. ...
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http://www.nwfdailynews.com/news/sta...m_florida.html
Beginning of a trend? Just Florida? What's going on?
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Last edited by Take 2; 01-27-2009 at 12:47 PM..
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01-27-2009, 12:39 PM
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