CFO Sink to State Farm: Release your agents
Just as State Farm officials were about to be grilled before a House panel on insurance, the state's chief financial officer has formally asked the state's largest private insurer to allow its agents to write other homeowner policies.
The way it works now is that State Farm agents can write only State Farm policies, but they can also write Citizens Property Insurance Corp. policies. There's a fear that State Farm's withdrawal from the market will end up pushing a lot of its policies into Citizens. Read it here.