Monday, February 2, 2009

Wonderful group of bloggers

I just wanted to say I am truly inspired by all the bloggers I am visiting in the One World One Heart giveaway. I have honestly never seen such wonderful art in so many different mediums. I am in awe as I go from site to site I don't think the art could get any better and then the next one surprises me. I am so glad I got the chance to visit such wonderful sites it has inspired me to finish the scrapbook I started when my first daughter was born and finish my quilts I have partially done. I hope to join in the One World One Heart next year!

Thank you from the bottom of my heart you are so talented and inspiring!

Sunday, February 1, 2009

Insurance !!!!!

Well I am upset today. State Farm is trying to pull out of Florida for homeowners insurance but wants all their customers to keep using them for auto insurance! What! No Way! I have been with State Farm since 1980 and this is how they treat old long-time customers. I did not hear there have been an extraordinary amount of home fires or home thefts that would cause State Farm to have tremendous losses. I will be looking around on Monday. THANKS ALOT STATE FARM!

I have more to add 2/10/09

I see what you are saying-- but in todays paper 2/10/09 here is a quote."State Farm said it's losing $20 million per month, in part because of discounts it's giving under state law to customers who fortified their homes against hurricanes. The company earned $134 million in 2006, $108 million in 2007 and lost $199 million in 2008, largely due to its agreement with the state last year to refund $120 million to customers who didn't receive the so-called mitigation discounts. But as of late last year, it had $621 million in reserves."

If you take the two years without the refund amount you see an earnings of 43mill. Yes it had to give back 120mill because it overcharged alot but that was a one time thing. Also this is an old time insurance company that had profits for years and years. Sure they did have some hurricane losses -- but that was in certain areas of FL not ALL of FL. And they also pulled out of windstorm coverage in South FL years ago. If they were afraid of windstorm losses they could have pulled out of windstorm coverage for all of coastal areas but kept inland coverage and also kept all other homeowner insurance. I have NEVER read that fires or theft are putting them out of business.

The conspiracy junky in my thinks its because they are overinsuring homes (ie because so many people bought when home prices were high they got mortgages for the high amount but Oh Oh the homes are not worth that but the homeowners are required to have ins to cover the mortgage--and State Farm is afraid they would be holding the bag on the overinsurance!). Thats what I think is the REAL reason.