Posted On: June 23, 2009, 10:42 am CDT

Posted By: Robert

State Farm leaves Florida people are headed to Citizens, especially those in older homes along the coast. They stay, possibly offer a product most people can't afford and they are still headed to Citizens or maybe a takeout carrier. Once capacity issues kick in for the domestics, many of the inland people will be off to Citizens too. What's the issues here??? Are you worried about having to compete against the best P&C carrier in the industry??

State Farm has made it crystal clear they want to charge a premium = to the risk. They have the market share, they don't want more. Your fears of them running your takeouts companies out of business are unfounded. The bill still requires the OIR to make sure the companies are not undercutting the market. SF isn't going to drive companies out of business by under cutting the market along the coast or inland. Even if they were stuipd enough do do it and could get away with it, they still can honor the promise made by the policy. Can't say the same for those carriers you represent at any price.