Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd: "How DaVinci Reinsurance Ltd. works is they are a reinsurance company. DaVinci is a third party company that sells coverage to insurance agencies which, in turn sell to the public. DaVinci Reinsurance Ltd. targets high-risk hurricane properties. In 2005, Florida insurance policies were made up 23 percent of DaVinci's revenue. That number climbed to 41 percent by 2009."

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd: "State Farm Florida claims not to own DaVinci Reinsurance Ltd. If that is true then why aren't the names of DaVinci's directors public. The Sarasota Herald Tribune asked State Farm Florida for the names of the directors. State Farm Florida refused to released that information. In truth, State Farm Florida owns a 40 percent share and sits on the board of DaVinci Reinsurance Ltd."

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd: "State Farm Florida doesn't want to talk about it's ties to DaVinci Reinsurance Ltd."

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd: "Another interesting fact is DaVinci Reinsurance Ltd. went after State Farm customers after the insurer dropped policies for many coastal homeowners. The Sarasota Herald Tribune has a chart DaVinci Reinsurance Ltd. homeowner insurance sales increasing has State Farm was losing policies."

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd: "State Farm Florida leaves the state. Citizens Property Insurance can not afford to provide insurance policies to every homeowner. The result is a market for DaVinci Reinsurance Ltd. The catch is DaVinci Reinsurance Ltd. charges the highest premiums in Florida. DaVinci Reinsurance Ltd. is excempt from Florida insurance regulations since the company is technically not based in the United States."

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd: "According to Bloomberg Businessweek DaVinci Reinsurance Ltd. operates in the Renaissance House at the address 12 Crow Lane Pembroke, Bermuda. According to Google Maps the address isn't correct. The Renaissance House is on E. Broadway, just off of Crow Lane. There are a lot of boats around the Renaissance House. It is hard to tell from the satellite photo if any offices are in the building"

How State Farm cashed in on a crisis | HeraldTribune.com

How State Farm cashed in on a crisis | HeraldTribune.com: "When State Farm stepped up its march out of Florida, it loudly and publicly claimed hurricanes were pushing it toward financial disaster."