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Mercury General Corporation Message Board

  • instekk instekk Jun 18, 2002 11:18 AM Flag

    STATE FARM KILLS BINDING AUTHORITY FOR

    "Friday, June 14, 2002 will be the last day that�State Farm agents in California will�be able to bind commercial or personal auto insurance policies, according to State Farm agents contacted by the Alliance.� After June 14th, the company will take approximately 7-15 days to get back to agents with a "yay" or "nay" on any policy."�

    We're hearing that this is a temporary measure so that the insurer can recoup losses and that binding authority may be restored eventually.� However, all we really know at the moment is that State Farm agents in California can kiss their auto�binding authority�good-bye after June 14th.�

 
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