I agree Rich, I truly despise the insurance industry. THey're like a bunch of spoiled brats that have to have things thier way or they'll pitch a tantrum, take thier toys and leave
Thier recent suit against the State of Florida for trying to clean up the industry has really pissed me off!!! I hope they lose thier asses in it!
Fact is, most if not all insurers have split the country up into sections. So when they announce for example that "X" company has suffered a huge loss after paying hurricane damages, it's actually only Florida or the SE that has suffered the "loss" and the other areas are likely operating WELL INTO the black!
Overall, the company is fine, fiscally secure and posts end of year profits that are usually out of sight!
As an aside Rich, you are not required to have auto "insurance" in the State of Florida. The statute requires you to proof of "financial responsibility."
You can do this with a bond through the state. I forget how much it is, but it's rediculouis and for the most part, I'd rather use OPM to pay the claim if there is one.
The insurance industry is legalized robbery plain and simple!