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State Farm Says No New Policies Within 2,500 Feet of Miss. Coastline

Southeast News • September 15, 2006
State Farm Fire & Casualty Co. will no longer offer new property insurance policies within 2,500 feet of the coastline in some areas of Mississippi's Harrison, Hancock and Jackson counties. The ...

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Subject: RE: St. Farm

Posted On: September 18, 2006, 4:13 pm CDT
Posted By: Actuary
Comment:
I have no problem with you not being able to get coverage for a probable loss. Insurance is about possible losses, not probable losses. Selling insurance for probable losses is more like gambling...hoping the house doesn't take your money.
Subject Posted By Posted On
RE: St. Farm Actuary
Sep 18, 2006, 4:13 pm
St. Farm Coast Resident
Sep 15, 2006, 1:20 pm
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