11/30/2008 News For: Florida Homeowners Insurance RequirementsStay smart if buying insurance via Web One of Florida's newest home insurers charges among the lowest prices by selling directly over the phone and Web and by not pushing unnecessary coverage. State Farm lost $198.6 million in 9 months State Farm Florida has found another argument to use in its legal battle to hike homeowners insurance rates. For the first nine months of the year, the Florida unit of the insurance giant lost $198.6 million and its surplus shrank by nearly $202 million. And that's without a major storm. AIG to rebrand US auto insurance unit to 21st Century Insurance, and cut jobs American International Group, which has been bailed out by the US government, plans to remove AIG from the name of its US auto insurance unit, aigdirect.com, and rebrand it as 21st Century Insurance in January 2009. The auto unit also plans to cut 6.6% of its workforce. |


