Posted On: June 18, 2009, 2:20 pm CDT

Posted By: WCFL Agent

Your first problem is using the St Pete Times, they always put out the absolute truth. I've been told by people with SF and read their press releases as well as watched their statements on the news by PR people, they will be out of money and in receivership within 18 months if they did not get their rate increase. Just because they or any other carrier is the largest or been around forever does not mean they are the best or the most sound. Just look at other companies that were the largest, oldest etc, can you say GM, AIG, Merrill Lynch on and on. If you run a large company poorly and make bad decisions you are no better than a small company that makes the same mistakes. I don't think that that line of thinking, that the newer companies can't survive the storms holds water any longer. But if they allow all companies to be free of rate regulation, then I've said for years that it is the best way to help solve our problems.