Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd

Pushing Rope: State Farm FLA Connection to DaVinci Reinsurance Ltd: "The Sarasota Herald Tribune did an investigative story on State Farm. After State Farm Florida stopped selling homeowners insurance in Florida they set up with the shell company DaVinci Reinsurance Ltd. in Bermuda. State Farm gave DaVinci Reinsurance Ltd. $200 million in startup money. DaVinci Reinsurance Ltd is a 'virtual corporation' with no real presence in Bermuda."