STATE FARM HOME INSURANCE
State Farm is once again selling homeowners insurance in Kansas and
Missouri, less than four months after it stopped selling new
policies because its business had grown too fast. However, the
insurer has not yet disclosed when it might ramp up business in the
25 other states where it scaled back activities in June 2002.
The company began selling homeowners insurance again in Kansas and
Missouri on Oct. 4, 2002. It declined to disclose plans for the
other 25 states, citing competitive reasons.
State Farm says that while its business has grown in many states,
in some states the growth can be too fast for the company to keep
up. In addition, the company says new business often costs more
money than older business.
|
