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State Farm Says It Wont Race FromGarden State In A Blinding Flash

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

Recent press reports, including one in the New Jersey Star-Ledger, say that State Farm Indemnity is planning to drop all of its auto insurance policyholders at once, within a six-month period in 2003.

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