State Farm leaving flood insurance program

Jun 4, 2010 | News & Views, What's New

From the Sarasota Herald Tribune

By Paige St. John

State Farm Mutual confirmed Thursday that it will stop administering federal flood insurance policies this fall, leaving government officials to find a new home for 800,000 customers nationwide who bought their coverage through the company.

State Farm does not insure property against floods or storm surge. But it is the nation’s largest administrator of such policies written by the National Flood Insurance Program.

Full article @ Sarasota Herald Tribune