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State Farm’

State Farm will stay in Florida, state insurance commissioner predicts

Friday, November 13th, 2009 by Michael C. Bender

Florida Insurance Commissioner Kevin McCarty sat down Thursday with The Palm Beach Post editorial board:

McCarty predicted State Farm will stay in Florida but will have a smaller presence. That could be good news for homeowners, who have seen premiums soar since Hurricane Andrew roiled the state’s insurance market in 1992.

“A leaner, smaller State Farm in Florida is better than no State Farm in Florida,” McCarty said.

The Republican Barney Frank?

Tuesday, June 30th, 2009 by Michael C. Bender

Frank

Frank

That’s part of the curious headline on a Wall Street Journal editorial this morning that (again) rips Gov. Charlie Crist’s property insurance policies. Crist vetoed a bill last week that would have let State Farm and the state’s largest insurers offer their customers unregulated rates.

What does that have to do with U.S. Rep. Frank? Here’s the one mention of the Massachusetts Democrat:

The Republican legislature tried to reduce those future losses, but Mr. Crist sounded like Barney Frank rolling the dice on Fannie Mae in declaring there’s nothing to worry about.

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