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Kurt Ullman

In article ,
wrote:

On Mon, 31 Dec 2007 11:18:58 -0500, krw wrote:

States regulate the insurance industry. They've told the industry
what sorts of policies they can offer. It's not hard to figure
this stuff out, your tinfoil hat notwithstanding.

It is clear you never bought insurance in Florida. The companies tell
the states what they are going to do and the states go along
pretending like it was their idea.
That is why insurance companies have a different corporation names in
different states.
(Allstate is "Allstate Floridian" here and I suspect they are also
Royal Palm)

Actually that is the requirement of the state, often. So they can
make sure to get their tax money and also to have leverage over the
companies. Large part of Florida's insurance problems are related to the
fact that insurance companies have (under FL law) to be domiciled in the
Sunshine. This usually ends up meaning that they have problems moving
money around from one subsidiary to the other (especially getting it
back out), so that FL has to fend for itself because regs make it harder
to move money around from other states.