Good for the bit at the end, where the state takes the posture that the root of the problem is incompetence at State Farm, and a gang of regulators are just the

Good for the bit at the end, where the state takes the posture that the root of the problem is incompetence at State Farm, and a gang of regulators are just the folks to remedy it: >Michael Soller, deputy insurance commissioner with the Department of Insurance, said in a statement that State Farm’s decision “raises serious questions about its financial situation — questions the company must answer to regulators.” >“As state regulators, we deal with companies that are national and multinational in scale. To be effective for Californians, we join forces with other states so we can understand the basis for insurance companies’ decisions and how they plan to recover financially,” Soller said. “In this particular situation, we have been working with State Farm’s home state of Illinois to get a full picture of its financial condition and plan for improvement. We need to be confident in State Farm’s strategy moving forward to live up to its obligations to its California customers.”