State Farm has rejected a pitch by Florida's chief financial officer, Alex Sink, to let their captive agents find coverage for customers with rival carriers, since they plan on leaving the state's property market.
Currently, 826 State Farm Florida Insurance agents function as captive or dedicated agents, who under their contract can only place insurance with State Farm or the state-run property insurer, Citizens Property Insurance Corp.
Ms. Sink, who asked that State Farm producers basically be allowed to function as independent agents, made her request in a letter dated yesterday to State Farm Florida's president, Jim Thompson.
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