State Farm Says It Wont Race FromGarden State In A BlindingFlash

Reports that State Farm Indemnity is planning to leave the NewJersey automobile market within a six-month period are wrong,according to the company, but a spokesperson for the stateinsurance department disputes the claim.

Recent press reports, including one in the New JerseyStar-Ledger, say that State Farm Indemnity is planning todrop all of its auto insurance policyholders at once, within asix-month period in 2003.

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