Good, old-fashioned competition should determine the price of insurance rather than regulation. |
It was the most for any calendar year for hurricanes for State Farm. |
It's basically the right thing to do. We don't see a need to go back to pursue them and said, 'OK, We gave you $2,500 and you only spent $2,200. Where is our $300?' That seems somewhat ridiculous. |
The primary driver in raising rates is the claims experience in your state. This will cause upward pressure on rates in states where the storm has occurred. |
We are certainly pleased overall. We can deal with the short-term losses. Over the long term, things usually even out. |
We're very pleased. Competition is good for consumers, and consumers now stand to benefit from greater competition in the auto parts market. |