Thread: Usaa
View Single Post
Old 08-15-2009 | 07:16 AM
  #41  
kronan's Avatar
kronan
Gets Weekends Off
 
Joined: Nov 2005
Posts: 2,424
Likes: 0
From: 757 Capt
Default

Truth to power is great. Not going to change anything for Albie, but still great.

Albie, USAA's plans to leave Florida have been written about in several locations by USAA. Sucks, but, the hits the past few hurricanes put into the insurance pool just aren't sustainable. Do-able, maybe. But, I think the reality of the what-if sank in. What IF a Major hurricane hits MIA-TPA-PNS-PAM area in the same year, or even every other year. I think the insurance estimates were optimistic until recent history provided some ugly facts for consideration.

Just in the 11 years you've experienced, would you say more, less, or roughly the same number of people in the area? Florida hasn't been slammed by BRAC in the same way other states have, so, I'd say roughly the same number of AD folks but what's your impression of mil retirees-more, less, or roughly the same?

How many other major insurance companies are leaving the Florida market?

That would be Allstate, Nationwide, Prudential, and State Farm.

State Farm insures about 13.5M homes. Just under twice the total number of members USAA has.
Homeowners Insurance - State Farm
USAA Highlights

Business: USAA says it will limit new policies, end 27,000

It's a mutual association, not a suicide pact.
But that runs both ways, I would highly encourage every separated USAA member to periodically take a sample of the local providers and choose to stay or go.
Reply