State Farm Get Out Of Florida.

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PostPosted: Tue May 05, 2009 10:30 am   Post subject: State Farm Get Out Of Florida.  

State Farm Get Out Of Florida.



We don't want you and we certainly don't need you.



We ARE NOT going to allow you cherry pick what forms of insurance you'll write and what you'll cancel.



GET OUT OF FLORIDA.



You are a disgrace to the insurance industry.



Selling auto insurance to prospect for your overpriced life insurance WON'T WORK.



Please get out of this state and STAY OUT.



I've lost all confidence and respect for your company.



Your agents should go independent and roll every piece of business they control.



Hockey Puck Off, STATE FARM, the fair weather neighbor.



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PostPosted: Tue May 05, 2009 5:57 pm   Post subject:   

Questions... If I want to sell the tops to widgets is Florida, should I also be required to sell the widgets themselves?



What if I want to become an agent and just sell life insurance, should I be required to sell auto insurance as well?

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PostPosted: Wed May 06, 2009 5:43 am   Post subject:   

Whoa, Gar....



You sound a little, ummmm, how do I put this....ahhhhh......upset?? ConfusedQuestion



Since I absolutely respect you, I want to learn a little more about this before I pass on any judgment. Can you point me in a direction that gets to the point of your matter without me having to Google the crap out of it? I've dealt with State Farm for years and have never once had a problem, but if I get what I think I get from your post- it sounds like they're trying to get out of writing a lot of business that they formerly wrote in the state. What exactly are they trying to do?



Thanks, bud.



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PostPosted: Wed May 06, 2009 2:09 pm   Post subject:   

They have stated that they are no longer going to write property policies in Florida (due to the high losses and not being able to increase rates). But they still want to hand pick lines of other coverage to write in Florida.

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PostPosted: Thu May 07, 2009 11:05 am   Post subject:   

Tcope is correct.



My beef with State Farm is cherry picking what forms of insurance they will write and what forms they won't.



I think they should be consistant and simply JUST GET OUT OF FLORIDA.



We don't NEED them. There are plenty of quality insurance companies in Florida for auto insurance and life insurance.



Now let me be clear, I'm NOT ranting against State Farm agents. They are innocent victims of corporate greed and exploitation.



What State Farm is doing is WRONG.



I've posted this before that the ONLY reason State Farm wants to write AUTO INSURANCE is because it is a prospecting method for them to sell life insurance.



WE ARE NOT GOING TO LET THEM GET AWAY WITH THIS.



In fact, Aviva will convert any term insurance policy written by State Farm, AIG and others to permanent insurance WITHOUT any underwriting if the policy was issued standard within the past 36 months.



State Farm is going down. We're going to kick their sorry butts back to Illinois. We don't need them, we don't want them.



Amica is way better auto insurance and AVIVA is the best life and annuity company in the world.



State Farm ppfffppfffttttt! GO AWAY!



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PostPosted: Thu May 07, 2009 1:53 pm   Post subject:   

Quote:
We don't NEED them.
competition is never a bad thing for consumers.

Quote:
What State Farm is doing is WRONG.
Why is selling certain lines of coverage... "wrong"? That is, they are offering people coverage... how is that a bad thing?
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PostPosted: Fri May 08, 2009 10:53 am   Post subject:   

Hmmmmmmm, I'm going to have to resort to using reverse rhetoric on tcope.



How is cancelling people's homeowners insurance a good thing. Business liability? Renter's insurance? State Farm is NOBODY'S competition and we are going to kick their sorry assterisks back to Illinois FOR GOOD.



We don't want them in Florida.



Why do they want auto insurance? ONLY as a prospecting method for life insurance. Auto insurance is tremendous service work. The reason there are two assistantants in every State Farm office is because one agnet could never handle the massive amount of service work that goes along with auto insurance.



Without auto insurance State Farm is OUT OF BUSINESS. No State Farm agent can compete with real life insurance companies. They have to get in the back door with auto insurance then offer you a 5% discount for grossly overpriced LIFE INSURANCE.



Bring it on State Farm....we'll compete....GO HOME!



Wheeeewwwww, I feel better now!



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PostPosted: Fri May 08, 2009 1:12 pm   Post subject:   

Quote:
How is cancelling people's homeowners insurance a good thing.
Same argument... not an answer.
Quote:
Why do they want auto insurance? ONLY as a prospecting method for life insurance.
Simply even more rhetoric.
Quote:
Bring it on State Farm....we'll compete....GO HOME!
So your saying despite their current business plan they will be driven out of Florida by competition? Or are you saying that they need to be cut off at the knees in order to fail?
Quote:
Wheeeewwwww, I feel better now!
My mistake... I thought there was a point. Smile



I never said what SF was doing was right or wrong... just wondering what your rational was. One more "question"... how many people does SF employee in Florida (by "employee" I mean pay them money so that they can support their families) and how much tax revenue do they generate for the State?
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PostPosted: Sat May 09, 2009 11:20 am   Post subject:   

Quote:
So your saying despite their current business plan they will be driven out of Florida by competition? Or are you saying that they need to be cut off at the knees in order to fail?


State Farm isn't anyone's competition for life insurance.



They are NOT competitive. They are overpriced. They are not a good neighbor. They are fair weather friends ONLY.



I personally want them out of the state of Florida.



GET OUT and STAY OUT!



That's my stand!


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PostPosted: Fri May 15, 2009 11:17 am   Post subject:   

Source linky.



Quote:
The state's biggest private homeowners insurer, in a move sure to have hundreds of thousands of Florida residents scrambling for a way to cover their homes, said Tuesday that it is pulling out of Florida's rocky homeowners insurance market over the next two years




Quote:
"They probably charge about the highest rates in the state anyway,"' Gov. Charlie Crist said. "I think Floridians will be much better off without them."




Quote:
He said State Farm has agreed to move all of its auto insurance business into the State Farm Mutual Automobile Insurance Co., a national company that sells only auto insurance. State Farm Florida is a stand-alone, Florida-only entity created specifically to sell property coverage.




Quote:
State Farm said in a full-page ad taken out in several Florida newspapers today, including The Palm Beach Post, that it will continue to offer life, health and automobile insurance in the state.



The latter is despite a 2007 state law pushed by Crist to prevent insurers from offering only lucrative auto coverage if they offer both auto and homeowners in other states. That's because it appears that the law may not apply to State Farm, Florida's largest auto insurer with more than 3 million policies, according to Office of Insurance Regulation spokesman Ed Domansky.




Don't buy life insurance from State Farm.


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PostPosted: Fri May 15, 2009 6:45 pm   Post subject:   

Gary, I don't understand.



Insurance Company XYZ sells Products 1,2,3, and 4.



In a certain state, the pricing constraints make it impossible to sell Product 1 for a profit. Why should a company be forced to sell a product that will hurt the company's bottom line and their financial strength?



If the state is going to say that you can't sell Products 2,3, and 4 if you don't sell 1, and the company leaves the state, how does creating less competition for those products help the consumers of that state.



Gary, I hope that nobody comes to you and says "Gary, you can't sell any more $1,000,000 WL policies unless you sell car insurance also."

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PostPosted: Fri May 15, 2009 7:41 pm   Post subject:   

Quote:
Gary, I don't understand.




I'll try to explain and say I even agree with you to a point.



My biggest beef is canceling unwanted business in Florida but staying in the state for the profitable business. I don't mind them pulling out of the state of Florida.



I'm just saying get completely OUT. They want to pick and choose what business they'll write and which they will cancel. They give all insurance companies and all insurance agents a black eye.



It's because of these type of corporate business decisions the government gets involved in private business and makes things worse.



I personally know two State Farm agents and both of them are getting their spouses licensed as independent agents and they will then simply rolled their State Farm block of business to their spouse.



State Farm will be run out of Florida; #1 because nobody is going to trust them; #2 their own agents will roll their business and #3 competition will bury them.



So it's all I'm saying is State Farm needs to get out of Florida AND stay OUT!



That's my stand!


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PostPosted: Fri May 15, 2009 8:20 pm   Post subject:   

Gary, I still don't get it. I'm fine with them being run out of business if your #'s 1,2, and 3 happen. That is how the free market works. I just don't want them getting kicked out.



How is forcing State Farm to write business that is unprofitable for State Farm any different than forcing GarySpicuzza from writing business that is unprofitable for GarySpicuzza?

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PostPosted: Sat May 16, 2009 5:37 am   Post subject:   

Quote:
They want to pick and choose what business they'll write and which they will cancel.
Not really, they are not writing _any_ property policies. There are many companies that pick and choose what product lines to offer in different states. In this case you just see SF removing certain lines from being offered.
Quote:
So it's all I'm saying is State Farm needs to get out of Florida AND stay OUT!
It's understood that you don't like SF but that they are doing nothing wrong.
Quote:
How is forcing State Farm to write business that is unprofitable for State Farm any different than forcing GarySpicuzza from writing business that is unprofitable for GarySpicuzza?
Because one is Gary. Laughing
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PostPosted: Sun May 17, 2009 10:00 am   Post subject:   

Quote:
Gary, I still don't get it.




Okay, I'll try again.



The only reason why State Farm wants to write auto insurance in Florida is so their agents will have a prospecting method to write life insurance.



The General Public NEEDS to understand this fact. The only purpose for State Farm auto insurance is for the marketing aspect. It's a propecting technique. It's that simple.



Florida is the auto insurance FRAUD capital of the United States thanks to our no fault auto insurance laws. People simply wreck their cars down here when they need medical care. OR they buy inordinate amounts of uninsured motorist insurance then wreck their cars to get their medical claims paid.



There's no real money in auto insurance, there is only service WORK.



Life insurance is where the money is, but, State Farm can't compete with real life insurance companies. So they'll give you a sucker 5% mythical discount on your auto insurance if you'll just buy their overpriced life insurance.



If you haven't figured this thread out by now I don't know what to tell you.



I want State Farm completely out of the state of Florida and I can tell you if it was up to Charlie Crist our governer he would have kicked their sorry assterisks out long ago.



Also if you have State Farm insurance make sure you file your claim NOW before they cancel your coverage, sink holes are a big thing in Florida, file your claim NOW before it's too late.



Back to medical claims...THERE ISN'T ANY medical underwriting for personal injury protection or for uninsurance motorist insurance.



Have a back problem? Old knee injury? Hurt yourself playing tennis? Have a hernia? Other? No problem... simply wreck your car in Florida and your claim will be paid.



Is there any P&C agent out there who would like to dispute the fact the only reason or purpose for writing auto insurance is to generate a client to sell life insurance, annuities and disability income?



I'm NOT saying that's bad. I'm simply stating that's the way it is.



I don't think many people would do business with State Farm once they actually know and understand they are just being played for a sucker.


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