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Statefarm Admin.

It is said that the Insurance companies may be faced with having

a 3rd party dictating their premium rates.

The news is State F may be entering into a new field as a 3rd party Admin.

company while still holding it's current position as the largest insurer in

the USA. Talk is, all Insurance companies would have to run their customers

premiums through State F Solutions and have their rates determined to

them by State F Solutions.They say it would level out the playing field.

That would stop anyone from competing with them and maintain their dominance.

I will keep you posted as more info comes out about this:-)


Re: Statefarm Admin.

I find this hard to believe given the antitrust implications.

State Farm is already being sued under the Sherman Antitrust Act for its activities involving repair pricing, and the 11th Circuit Court of Appeals has allowed Prestige Auto Body's claim to proceed. The opinion uses terminology that appears analogous to "fair and reasonable" pricing in the auto repair and the claims administration business, so the decision could have major implications were State Farm to lose.

Re: Statefarm Admin.

Bob Loblaw--- wake up!! Glassman is writing ironic sarcasm.

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