Insurers raise prices, customers file
Raleigh, NC - For nine years, Wade K. Foster paid for the farm state of his homeland and cars in Cary.
Then, bad luck and bad weather, between 1996 and 2000 led to four requirements ranging from insect damage on a floor flooded the kitchen. The claims cost the company $ 3,822. Last year, Foster’s policy was renewed. This year, it was not.
“I believe that the state firm is not a very good neighbor,” said Foster, which almost doubled the premium of $ 631, when he finally found a blanket with other companies.
State Farm has recently launched a policy of Mid-Atlantic States, including clients with more than two requests could be dropped, said Robert Hunter, insurance director of the Consumer Federation of America. A spokesman of the State Farm went to discuss the renewal of their business. Last year, the company lost $ 3.7 billion of insurance in their owners and $ 5.6 billion in insurance for his car.
State Farm financial problems are reflected throughout the insurance industry.
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