Posted On: March 10, 2009, 8:39 am CDT

Posted By: Bill

State Farm has 63 BILLION in Surplus.(2008 Best's) Demotech will give anyone a rating who has a checkbook. You are talking about State Farm Florida. It is not even a thought that State Farm would go broke, They could continue if the wanted to indefinitly with Florida. They just have chosen not to write in Florida for the premium we want them to. It is a free country and obviously if they were making alot of money, they would stay. (Common Sense) To say the start ups are doing it better is hogwash. They dont have adjusters, regional offices, or cash in the bank. They are set up with an MGA handling the admin and sucking all the money out of the carrier until the storm hits then they hand the keys to FIGA. They we all will be assessed for their ponzi scam. They dont care about adequate rate. The DFS just filed suit against one this past week. Peoples Insurance Company for sales without agents and fraudulent business practices. These companies are garbage. Wake up, and let the good companies charge whatever they want.