State Farm: We're Paying Wind Damage Claims
Southeast News • April 7, 2006
State Farm Fire and Casualty Co. is paying for Hurricane Katrina property losses when evidence shows that wind caused the damage, James Burwell, claims manager, wrote in a letter to the ...
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Subject: RE: State Farm - Inconsistent TX / MS Policy Coverage Cond
Posted On: April 11, 2006, 7:27 am CDT
Posted By: BOHICA
Comment:
Poe
I think you should focus on your own state. Florida is a mess and people like you have directly contributed to it. The last thing anyone needs is to follow the example that Florida has set.
Florida is the worst insurance situation that North America has faced in the the last 100 years. There are billions of dollars of shortfall. Large segments of the property market are uninsuranble and the commissioner is more elected in being elected Governor than worrying about adressing the problem. He is the worst sort of Demagogue and a huge factor in the current chaos.
Before this all plays out expect large assessments on all carriers and most likely for all lines. Expect some sort of money grab from carriers profits from other states and expect more carpet baggers to spring up and fleece more unsuspecting chumps.
I would think the profits are good enough in that state to leave the other coastal states alone but then I'm not sure you have any carrier licenses left. I saw where another of your companies closed up due to lack of capital.
Subject: RE: State Farm - Inconsistent TX / MS Policy Coverage Cond
I think you should focus on your own state. Florida is a mess and people like you have directly contributed to it. The last thing anyone needs is to follow the example that Florida has set.
Florida is the worst insurance situation that North America has faced in the the last 100 years. There are billions of dollars of shortfall. Large segments of the property market are uninsuranble and the commissioner is more elected in being elected Governor than worrying about adressing the problem. He is the worst sort of Demagogue and a huge factor in the current chaos.
Before this all plays out expect large assessments on all carriers and most likely for all lines. Expect some sort of money grab from carriers profits from other states and expect more carpet baggers to spring up and fleece more unsuspecting chumps.
I would think the profits are good enough in that state to leave the other coastal states alone but then I'm not sure you have any carrier licenses left. I saw where another of your companies closed up due to lack of capital.