Wednesday, January 28, 2009

State Farm Drops Out of the Florida Homeowners Market

According to an artcle in today's Wall Street Journal, State Farm is leaving the Florida Homeowners Insurance Market. It will reduce its policy exposure over the next two years or so.

It's interesting that "the state-created insurer of last resort, Citizens Property Insurance Corp.," is also characterized as having "been trying to shed policies."

- Rick

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