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State Farm wants to dump home insurance in Florida
State Farm wants to dump home insurance in Florida
The company, Florida's largest private insurer of homes and condos with 1.2 million policies, wants to keep only auto insurance, it said in a statement. Other State Farm units would still sell life, health and other financial services, it said in a statement. picked by Bornbad 10 months ago
tags State Farm dump home insurance Florida
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44
 suebe
10 months ago
It's not unusual for insurance carriers to pull out of unprofitable markets. I saw it happen several times when I worked for one large medical carrier. For home insurance it's not that big an issue, I would think. But for medical...that was big.

It's all about the bottom line for the carriers.
quote #2
45
 Bornbad
10 months ago
« suebe : 

It's all about the bottom line for the carriers.
I'm sure.Insurance companies have taken my money my whole working life. I've gotten very little in return.
quote #3
44
 suebe
10 months ago
« Bornbad : I'm sure.Insurance companies have taken my money my whole working life. I've gotten very little in return.
That's why they call it "insurance".
quote #4
21
 arsphidi...
10 months ago
I happily pay my premiums on my family's medical insurance. With 2 childbirths, a case of meningitis, a broken leg, and all the numerous things that can happen to kids (from chicken pox to broken arm), I have gotten a great return for my investment.
quote #5
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