Endurance.Net Ridecamp Archives

Sandra Walker wrote:

> Could be Truman. I don’t know what the rules are as to whether State 
> Farm can only do this in one state and not others and whether they are 
> just cutting professionals, though it’s really easy to muddy the 
> distinction between amateur and pro.
For the most part insurance companies are regulated at the state level. 
I know the insurance commissioner in FL is very aggressive with the 
regulation of insurance companies. After Andrew hit, a bunch including 
State Farm wanted to pull out of FL for all homeowners insurance. They 
were told fine - go but you will not be allowed to write auto insurance 
if you don't write homeowners. They decided to stay in the homeowners 
business but they won't write policies for "at risk" properties, i.e. 
waterfront properity. They also demanded (and got) much more stringent 
building codes.

I know our rates went up after the major storms we had last year, but 
our rates won't be affected much if at all by Katrina since there was 
not a lot of damage in FL. Where I live I have to pay an extra premium 
for "sink hole" protection, but my rates for hurricane protection is 
lower because my area historically doesn't get hit and I'm pretty far 
from the coast. The place to start may be your state insurance 
commissioner.

Truman

--

"The opposite of a correct statement is a false statement. The opposite 
of a profound truth may well be another profound truth." Niels Bohr -- 
Nobel Laureate, Physics


=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=

Ridecamp is a service of Endurance Net, http://www.endurance.net.
Information, Policy, Disclaimer: http://www.endurance.net/Ridecamp
Subscribe/Unsubscribe http://www.endurance.net/ridecamp/logon.asp

Ride Long and Ride Safe!!

=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=