Follow up on state farm's decision.

Few weeks ago, I have posted the decision that was made by state farm insurance.
The decision was for them to pull out from the HO insurance market at the state of Florida.

Now, I would like to discuss the potential consequenses of this decision.

First of all, we all know what state farm is and how huge it is.
It had the #1 market share in FL.

This decision for state farm is one of the biggest news in the property and casualty sector of today's insurance division.

The biggest loss I assume does not just lie in the HO insurance.
Now a days, many of the insurance companies offers good rates for combination of having HO insurance plus the automobile insurance.

And what I assume is that many who own the house owns a car...

It must have been a crucial decision that a state farm announced in order to suffer the loss that would be seen without participating in this market segment.