State Farm Shifting Flood Policies to Feds

By: The Associated Press
By: The Associated Press

State Farm spokesman David Majors says that, as of the end of May, State Farm had almost 21,000 personal and commercial flood policies in Mississippi and about 8,000 in Alabama.

The Mobile Press-Register reported Saturday that the Illinois-based insurer will gradually transfer those policies to the Federal Emergency Management Agency, beginning in October.

Although FEMA is responsible for overseeing the federally-backed flood insurance program, it relies heavily on private insurers to market policies and adjust claims in return for various fees and commissions.


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  • by jay Location: meridian on Jun 9, 2010 at 07:00 AM
    sorry i have to disagree with you voter. i have state farm and saved I have been with them for 20 years and have never had anything better. its not the company that saves you its your auto driver history an credit.
  • by voter Location: meridian on Jun 8, 2010 at 08:12 PM
    This is just another sign that state farm wants your premium dollars but they do not want to pay claims. Everyone that has state farm for their insurance carrier need to check around for a better rate and better coverage. I left them a few years back and saved over four hundred dollars on coverage for two vehicles. Remember how they treated people involved with Katrina?
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