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State Official Aims to Persuade State Farm to Keep Insuring New Jersey Autos.
Knight Ridder/Tribune Business News, April, 2002
Tags: Hackensack, State Farm Mutual Automobile Insurance Co.
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By Randy Diamond, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News
Apr. 12--Holly Bakke took over two months ago as the state's new banking and insurance commissioner with a time bomb ticking.
It's set to detonate on July 1, the deadline for Bakke to tell New Jersey's largest auto insurer, the State Farm Indemnity Co., when it can leave the state.
With State Farm insuring almost 800,000 cars -- nearly one out of five vehicles in New Jersey -- its departure would create a major problem because many of New Jersey's 60 other auto insurers don't have the ...
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