SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Stockman Scott's Political Debate Porch

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SOROS who started this subject6/20/2002 8:10:35 PM
From: jjkirk   of 89467
 
Insurer Refusing Some New Homeowners
By THE ASSOCIATED PRESS

Filed at 2:58 p.m. ET

BLOOMINGTON, Ill. (AP) -- State Farm Insurance Co., the nation's largest insurer of homes, is cutting back or placing a moratorium on writing new homeowner policies in more than 20 states because of recent losses.

The Bloomington-based company began notifying regulators in affected states this week. The action is being taken to counter a net loss of $5 billion reported in 2001, when a series of natural disasters caused claims to increase dramatically, State Farm spokesman Phil Supple said Thursday.

nytimes.com

Pressure on real estate from an unexpected direction....jj
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext