It is interesting that this rating came out before all the damage in Oklahoma is known. I saw a chart on carriers percent of market and State Farm had a big share. If they didn’t have re-insurance like for Katrina, their bottom line will take a big hit. My guess is they will have $500 Million to $750 Million on the storms there.
It is interesting that this rating came out before all the damage in Oklahoma is known. I saw a chart on carriers percent of market and State Farm had a big share. If they didn’t have re-insurance like for Katrina, their bottom line will take a big hit. My guess is they will have $500 Million to $750 Million on the storms there.