State Farm Must Love the Clash
"Should I Stay or Should I Go?" I imagine the State Farm claims employees and agents must be playing these classic lines from The Clash over and over. According to an article in yesterday's South Florida Sun-Sentinel, there is some speculation State Farm wants to stay and may try to politically strong-arm Florida into allowing it.
According to the article, Insurance Commissioner McCarty "feels" State Farm may stay, or try to stay, one way or another:
"State Farm, the largest private property insurer in Florida, may decide not to leave the state, Insurance Commissioner Kevin McCarty said Thursday.
"I don't know that they're going to stay," McCarty said. "Part of it is a gut feeling."
...
State Farm hopes for an override of the veto, McCarty said. That would require a special session of the legislature this year, which is considered unlikely."
With that information, Clash fans and State Farm employees are probably thinking of these lyrics:
"This indecision's bugging me."
I am "feeling" that the "feeling" of State Farm is probably more aptly expressed by a different oldie by The Guess Who - No Time Left For You. www.youtube.com/watch?v=oqeSUAlI5uI
and Floridians should be singing
http://tinyurl.com/2q7ub3
Dude, this is just a moronic statement from Commisioner McCarty. State Farm hasn't said or done anything different that would justify anyone second guessing their intention to leave. McCarty also has a gut feeling that he will be able to come up with the $18 billion shortfall the Cat fund has after the next major storm. Yeah, right.
I think McCarty is a Dream Weaver.
A better Clash song for State Farm would be Clampdown
I never knew so many still love The Clash.
We'll have to come up with something fun next Friday.
Nancy,
I think you may have a point.
I just went to my wife's 30 year high school reunion and disco was still raging in 1979.
Truth is Florida will survive without State Farm and probably for the better given its political activism and bullying.
Without that bullying, I wish there was a way State Farm could have a change of heart and stay in Florida. According to the Office of Insurance Regulation and in comparison to other company rates, it has to be making money. What happened is that its method for shifting money as an "expense" to its parent was simply not justified per the OIR and this was confirmed by the Administrative Judge ruling on the case. It lost twice on the rate issue. Still, it had rates approved higher than other companies.
So, it seems rediculous to me that it is leaving.
On the other hand, we do not need bad Corporate Citizens.