To: Fawn
How is this a surprise? Florida regulations/constraints prevent State Farm from getting an adequate return given the risks. Who can blame them for leaving?
19 posted on
01/27/2009 9:02:21 AM PST by
Drango
(A liberal's compassion is limited only by the size of someone else's wallet.)
To: Drango
Could it be that many of these homes are insured for much more than they are now worth. SF could be protecting against a major payout when the next hurricane comes through.
To: Drango
How is this a surprise? Florida regulations/constraints prevent State Farm from getting an adequate return given the risks. Who can blame them for leaving?
Watch the uber intelligent Congress and their Messiah DEMAND that the company return to do business in FL.
98 posted on
01/27/2009 1:20:02 PM PST by
Cheerio
(Barack Hussein 0bama=The Complete Destruction of American Capitalism)
To: Drango
Considering Florida’s hurricane history, I am amazed any insurance company can make money.
106 posted on
01/27/2009 2:12:52 PM PST by
rogator
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