[fcb-l] to State Farm home insurance customers
don.moore48 at comcast.net
Fri Dec 18 00:17:43 GMT 2009
Thanks for that. Now it'll be interesting to see how long it takes for
State Farm to let us know whether they're keeping us or not!!
----- Original Message -----
From: "Allison and Chip Orange" <acorange at comcast.net>
To: <fcb-l at acb.org>
Sent: Thursday, December 17, 2009 7:15 PM
Subject: [fcb-l] to State Farm home insurance customers
good news if you had wanted to keep your State Farm policy: the state
reached an agreement with State Farm yesterday which allows them to remain
in Florida, and only raise their rates 14%.
Unfortunately, State Farm was not allowed to raise rates as much as they
needed to, so instead they will be dropping many policies in the most risky
counties (likely those coastal counties in south Florida).
Again unfortunately, Citizens insurance, who took over a lot of State Farm
policies as agents talked people into switching when it was thought State
Farm was leaving Florida, has also just announced a rate increase.
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