Comments on: Florida Rate Increase Boosts State Farm Insurance Outlook

By: tigger6046

tigger6046 — Mon, 25 Apr 2011 00:56:04 +0000

State Farm is not the hometown company it used to be. I have a clean record of driving and they have still gone up on rates….I went to company that is just as highly rated in the insurance world and saved 400.00 a year with the same coverages that I had with….State Farm, Our office of Insurance Regulations at the State Capital needs to remember who they are supposed to be protecting….THE TAX PAYER…not State Farm!

By: Arthro

Arthro — Sun, 24 Apr 2011 23:17:31 +0000

Beaners, do you think State Farm had only 1 claim two years ago??? They insured 1.2 million properties in Florida at the time. Considering that they are the largest private insurer still in Florida, I’d be willing to bet they had more claims than any company except maybe Citizens.

By: Beaners

Beaners — Sun, 24 Apr 2011 16:22:31 +0000

Up 94% so that doesn’t tell you anything so if two years ago if they had 1 claim that means that it went up to almost 2 claims. Percentages don’t reflect the actual financial lost that a company may have experienced. Also in order to reflect actual hardship, the statement should contain the other loses the company had or didn’t have in the last couple of years.