I see the coast is still being punished by the Farm and their boy Mike Chaney. I don’t think I’ll ever insure another home with a company that employs exclusive agents and highly recommend Chip Merlin’s post that Nowdy highlighted today on getting exactly what you pay for. Anita Lee has the story for the Sun Herald:
State Farm Fire and Casualty Co. will begin writing new business again in Mississippi, spokesman David Majors said Tuesday, but not in the lower three Coast counties.
State Farm has continued to serve existing policyholders, but stopped writing new business in the state because of the fractious legal and political climate after Hurricane Katrina.
Majors said the company is ready once again to write new homeowner’s coverage in Mississippi, but not in Harrison, Hancock or Jackson counties. Majors said other measures also are being announced.
Judging from the comments left on the story our favorite captured regulator, Mike Chaney is earning brownie points with the voters down here as they figure out party line voting against their personal interests is not a good thing.
Mike Chaney has set the presidence to allow all insurance companies to cherry pick the state. This will keep insurance premiums on the coast high. Both State Farm and Mike Chaney need to be run out of the state.