State Farm announced yesterday that they are exiting the Florida homeowners' insurance market. The firm last year requested a 47% rate increase in rates in the aftermath of this decade's hurricanes and was rejected by the state.
My conclusion, arrived at as I wrote the above paragraph, is that State Farm sucks. If they just figured out last year that insuring a Florida home is 47% riskier than their previous, PHD-crafted models told them, they suck. If they lost a bunch of money in the last few years and want current and future homeowner customers to pay for it, they suck. If they have a crystal ball that tells them that there is crushingly bad weather coming and haven't shared it with the rest of the world, they suck.
My conclusion, arrived at as I wrote the above paragraph, is that State Farm sucks. If they just figured out last year that insuring a Florida home is 47% riskier than their previous, PHD-crafted models told them, they suck. If they lost a bunch of money in the last few years and want current and future homeowner customers to pay for it, they suck. If they have a crystal ball that tells them that there is crushingly bad weather coming and haven't shared it with the rest of the world, they suck.
I hope someone from the company contacts me.
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