Southeast News
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Florida Farm Bureau's Proposed Rate Hike Meets Disapproval
Southeast News • August 5, 2008
Florida Insurance Commissioner Kevin McCarty said the Office of Insurance Regulation issued a notice of intent to disapprove the June 20 rate filing submitted by Florida Farm Bureau Insurance ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: PJ can you please tell me why... | PJ | Aug 13, 2008, 4:30 pm |
| RE: PJ can you please tell me why... | AD | Aug 13, 2008, 3:24 pm |
| PJ can you please tell me why... | Bill | Aug 6, 2008, 9:25 am |
| RE: RE: RE: RE: RE: PJ did you watch the testimony | wc | Aug 6, 2008, 7:35 am |
| RE: RE: RE: RE: PJ did you watch the testimony | PJ | Aug 5, 2008, 8:57 pm |
| RE: RE: RE: PJ did you watch the testimony | WC | Aug 5, 2008, 8:49 pm |
| RE: RE: PJ did you watch the testimony | PJ | Aug 5, 2008, 5:39 pm |
| RE: PJ did you watch the testimony | CT | Aug 5, 2008, 5:17 pm |
| RE: RE: Pat is right | PJ | Aug 5, 2008, 5:06 pm |
| RE: Pat is right | CT | Aug 5, 2008, 4:56 pm |
| RE: RE: RE: consequences | LA | Aug 5, 2008, 1:49 pm |
| RE: RE: consequences | Pat Beranger | Aug 5, 2008, 1:24 pm |
| RE: consequences | Pongo Twistleton | Aug 5, 2008, 1:12 pm |
| consequences | CT | Aug 5, 2008, 12:50 pm |
| Back to article | ||
Subject: RE: PJ can you please tell me why...
The Florida Farm Bureau is a domestic carrier. That means...they only write business in the state of Florida. They only exist in the state of Florida. Every Farm Bureau is a domestic carrier. That means -they only write business in the state where their home office is located. (Which is what CT is referring to as domestics)
Therefore, the only way Florida Farm Bureau can leave the state of Florida is to close up shop...shut down and no longer exist.
So, yes PJ, Florida Farm Bureau has to make a $$$ in Florida. Since the only policies they write are in Florida...the only premium income they receive is from Florida....they have to make $.
Insurance companies are a business. Not a charity. So, if they don't make $ - then like any other business the cease to exist.