Several news stories relate that if Gov Crist in FL signs new regs that State Farm may stay in FL- See articles/ See info on Delay in Exit decision until July 15th and AMBest rating changes for carrier

The Insurance Journal today sent out a breaking news story on this today and I’m also linking to the Miami Herald article stating that State Farm may reconsider departure from the FL insurance market if Governor Crist in FL signs new regulation on rates:

Here is the Miami Herald news story:

http://www.heraldtribune.com/article/20090623/ARTICLE/906231038/2055/NEWS?Title=If-Crist-relaxes-rules-State-Farm-hints-it-may-stay

Here is a link to the Insurance Journal article:

http://www.insurancejournal.com/news/southeast/2009/06/22/101618.htm

Here is a link to the  Insurance Journal info on AMBEST downgrading of their rating for State Farm of Florida:

http://www.insurancejournal.com/news/southeast/2009/06/18/101518.htm

Here is also a link to delays in a decision until July 15th per another Insurance Journal update:

http://www.insurancejournal.com/news/southeast/2009/06/15/101413.htm

Should they stay this might provide substantial reconsideration by independent adjusters thoughts about working the Citizens of FL claims if they feel opportunities will exist into the future to work State Farm Florida claims when a major disaster strikes.