Imagine my shock when Hut came home from work yesterday (he gets home 30 minutes after me) and tells me that State Farm is going to quit writing homeowners policies in this state. I don't work for State Farm, but I work as Security at State Farm. And I had no idea. Our Govenor in Florida says if State Farm doesn't want to write homeowners policies, then they shouldn't be allowed to write any policies. We won't know anything for sure until April. The state will not allow State Farm to increase it's rates (State Farm wants a 47% increase). State Farm pays out $1.21 for every $1 they bring in. I can see State Farms point of view, you can't run a business that's not making $$. Now these are just the basics that I've read in the paper and heard on the news yesterday. I don't claim to understand it all. But I do understand that if Govenor Crist gets his way....alot of people are going to be out of work, myself included. So yeah, I'm going to be watching this pretty closely. So keep all the good people at State Farm in your prayers. We all need our jobs. Thanks for letting me vent. You guys are the best.
4 comments:
Even if the news is bad, at least you will know something. This waiting for the other shoe to drop is the hardest part. Bonnie, I have a strong feeling that you and Hut both are survivors and can conquer any obstacles that are in your path. Still, you are in my prayers.
It amazes me when government seems to have a say in what businesses can do. I realize this is an insurance company and there are rules and such. A 47% increase sounds extreme ...
I really hope everything works out okay.
I really hope that everything works out for you..I saw it on the news today and thought of you::))
I can well appreciate your apprehension regarding your job. However it sounds to me like State Farm vs the State are just doing a little public PR , and the real negotiations are going on behind closed doors. I would think the two parties will come to a compromise and your job will continue.---but then these are strange times------time will tell.
Post a Comment