Posted On: June 18, 2009, 1:47 pm CDT

Posted By: WCFL Agent

Wow, where are all the State Farm defenders who are so quick to down the new domestics and their financial ratings. This news must have shut them up for the time being, but I'm sure they will crank back up soon with some new reasons to trash anyone they think may give them some competition. With this news, seems they can't meet the standards that the bill they want Charlie to sign that allows them not to be regulated. That bill is just a way for them to price themselves off risks they want to dump anyway (coastal, older homes, etc.) and undercut everyone else on more desirable (inland, brand new home, etc.) They should make the rules for the deregulation of rates, which I support, the same for everyone and let companies large & small (bigger is not equal to better)compete for business.