Posted On: June 25, 2009, 1:54 pm CDT

Posted By: WK

Some of your comments are just plain wrong and misleading. Many insurers in Florida are reinsured with "A" rated companies such as Lloyds, Swiss Re, Axa. Also you state no AM Best rated companies in Florida but then change your story when you see there are and then say they don't have financial backing. I would say being reinsured where 50 cents of every dollar the company brings in goes to Lloyds or other companies shows backing and an ability to access money to pay claims. Also, many large companies still have policies in Florida and have teams in place for claims. Some have non renewed years ago but some still keep policy holders in Florida. Just because State Farm is a large company does not make them a good company and they have had plenty of trouble for mishandling claims. No company is perfect and all of them have their good and bad points but please stop trying to make everyone here believe that State Farm is the only company to be insured with. Your bias is obvious and it gets old. I personally think you work for the company and are not just the policy holder you try to make yourself sound like. State Farm always tries to bully their way into getting what they want. I don't feel bad for the company at all. If they want to make more profits why not start at the top and cut off their overpaid executives. State Farm of Florida buys reinsurance from State Farm Mutual. So, while State Farm of Florida needs more money the parent company is doing just fine. Think about that. State Farm buys from State Farm then says they need more money or they leave. Another bully move.