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CFO Sink to State Farm: Release your agents

Just as State Farm officials were about to get grilled before a House panel on insurance, the State's Chief Financial Officer has formally asked the state's largest private insurer to allow their agents to write other homeowners policies. The way it works now is that State Farm agents can only write State Farm policies, but they can also write Citizens Property Insurance Corp. policies. There's a fear that State Farm's withdrawal from the market will end up pushing a lot of its policies into Citizens. Read it here.