STaTE FaRM RaiSeS THeiR RaTeS By 28% BeCauSe oF SiNKHoLeS?!? WTF?! | |
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cRoSS FiRe User ID: 1237458 United States 02/17/2011 12:40 PM Report Abusive Post Report Copyright Violation | Excerpt: Sinkhole claims, which are approaching $2 billion over the past five years in Florida, have exploded at a great cost to the insurance industry. Questioned by state actuary Bob Lee, State Farm executives testified that it lost $327 million in the last five years, most of it in the last two, on sinkhole claims alone. The company is dropping its sinkhole coverage in standard policies, but offering it to homeowners separately at a premium rate. Last Edited by cRoSS FiRe on 02/17/2011 12:40 PM "Nothing is as far away as one minute ago." --Jim Bishop :gameizovar: It's DO:OM o'clock. WAKE UP! |
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Anonymous Coward User ID: 1040464 United Kingdom 02/17/2011 01:33 PM Report Abusive Post Report Copyright Violation | [link to www2.tbo.com] Quoting: SoMeTiMeSwToo 1264795"TALLAHASSEE - Citing sinkhole losses and higher operating expenses, State Farm Florida asked state regulators today for a 28 percent premium increase on its homeowners policies." WE NEED TO MOVE BACK INTO THEIR EARTH WHERE WE BELONG... LOOK AT THAT PEARLY WHITE EPIDERMIS...WE BELONG DEEP BELOW... THIS SURFACE LIKE IS RADIATING OUR FRAGILE CORTEX... I PREDICT MARCH TO BE THE BIGGEST MONTH FOR SINKHOLES EVER!! ID rather take the hole than pay these scum any insurance premium. |
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cRoSS FiRe User ID: 1237458 United States 02/17/2011 03:14 PM Report Abusive Post Report Copyright Violation | google sinkholes in Florida. They are prevalent in the limestone areas near Ocala, Tampa, and elsewhere. This is why houses are so cheap there right now. It's not just the economy. Quoting: Anonymous Coward 1268821Sorry Mr. Saudi Arabia. I live in Florida. That is not why housing prices have dropped. We who live here are also aware that sinkholes are common. The amount State Farm is claiming as losses is what is in question, not housing prices. "Nothing is as far away as one minute ago." --Jim Bishop :gameizovar: It's DO:OM o'clock. WAKE UP! |
Anonymous Coward User ID: 728979 United States 02/17/2011 03:15 PM Report Abusive Post Report Copyright Violation | |
BRIEF User ID: 381742 United States 02/17/2011 03:17 PM Report Abusive Post Report Copyright Violation | Great, I had better check with my ins company and see if I have sinkhole insurance... Quoting: BRIEFyou better check with yer sinkhole and see if you still have an insurance company... LOL, I had to buy flood and EQ ins separately and I asked them if there was anything else I may need...like comet or meteor ins or cloud up and shit on me ins...didn't think about sinkhole ins... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
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Earth Daughter User ID: 1184178 United States 02/17/2011 05:01 PM Report Abusive Post Report Copyright Violation | Like a bad neighbor statefarm is ...(not there when you need them, but willing to take your money) "Arrows of hate have been shot at me too, but they never hit me, because somehow they belonged to another world, with which I have no connection whatsoever." - Albert Einstein |
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