State Farm Executive

We've got like maybe $5 billion that we're short. If something happens, we'll go to the Department of Insurance and say, we're overexposed here. You have to let us catch up our rate. And they'll say... Because the Department of Insurance and the insurance commissioner is in an elected position. You'll say, nah. And we'll say, okay, then we are going to cancel these policies.

We've got like maybe $5 billion that we're short. If something happens, we'll go to the Department of Insurance and say, we're overexposed here. You have to let us catch up our rate. And they'll say... Because the Department of Insurance and the insurance commissioner is in an elected position. You'll say, nah. And we'll say, okay, then we are going to cancel these policies.