State Farm, thanks for the memories

July 20, 2007


State Farm made $5.32 billion last year. Yet it “must” drop homeowner policies in our area. The insurance giant has over covered the Outzen home since 1986. Last Jan. they raised our premium from $3800 to $14800. We’ve had two claims in 19 years – Hurricane Elena (1995) $5K, Hurricane Ivan (2008) $8K. They have made about 75% margin on our policy from 1986-2006.

We  dropped State Farm for our home and will drop them for our cars when those policies come up for renewal. There is a problem when the goal of a corporation is solely to maintain high profit margins, not serve its customers.

Florida should revoke State Farm’s license to sell any insurance in the state.

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  • Harry August 21, 2007 at 9:01 am

    University courses are built to industry-standard SCORM and AICC compliance.

  • Anonymous July 22, 2007 at 5:27 pm

    USAA cancelled one of our policies (thanks to Ivan/Dennis) and the others are looking shakey. There is hope with local independant insurance agents.

  • Rodan July 21, 2007 at 10:16 am

    Anonymous #10,

    Please be kind and sensitive to the profit requirements of these insurance companies. Please. After all, sir (ma’am), these are private businesses, not government entities, so HOW DARE you presume to tell them how to run their business. Just, plese, lay down and take what they give. write that premium check and do not let it trouble you. Trust, them, they are good neighbors and you are in good hands with them. Forget about the crazy levels of profit and huge salaries of the top executives, do not let that truble you. just continue to write those checks, burn some insense, and sing Kumbaya. “Every little thing, is gonna be alright” get peaceful, because like it or not, there is not a G D effing thing you can do about it anyway, right, except beyatch about it on this blog, right.

    Like I said, write the check, and deal with it, Man, just like the rest of us.



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