Thursday, May 26, 2011

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

How State Farm cashed in on a crisis | HeraldTribune.com: "While it has little physical presence, DaVinci is now one of the state's most important hurricane reinsurers. Contracts show DaVinci provided coverage last year to more than 50 Florida insurance carriers representing the owners of 3.7 million homes.

Through DaVinci, State Farm quietly continues to collect money from thousands of former customers who were told their homes were too risky to insure.
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This story appeared in print on page A1"

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