Friday, February 02, 2007

The Sun News | 02/01/2007 | State Farm drops coastal policies
Tough times for home owners seeking insurance (even those who didn't set their home on fire with burning underpants--see below):

State Farm Insurance Co., South Carolina's largest insurer of homes, said Wednesday it will drop almost 1,000 policies for homes on the oceanfront. The company's decision comes about a month after Allstate said it would drop 12,000 policies in order to minimize future hurricane risk. S.C. Farm Bureau Insurance started dropping 3,000 customers along the S.C. coast last fall.

No comments: