State Farm Threatens to Abandon California If They Can't Raise Prices: 52% For Renters, 30% For Homeowners

[1srelluc]

State Farm Threatens to Abandon California If They Can't Raise Prices: 52% For Renters, 30% For Homeowners

High inflation and rising California fires have led State Farm to propose homeowners insurance rate hikes. At the same time, many insurers remain hesitant to return to the state due to rapid climate change.

www.ibtimes.co.uk

California's largest insurer, State Farm, recently notified California's Department of Insurance to allow them to hike home insurance rates for millions of residents, or they will drop coverage of many insured. The request comes amid the state's ongoing insurance crisis as coverage costs increase.

Several insurers, such as Allstate, Farmers Direct, and State Farm, have limited coverage or stopped conducting business entirely in the Golden State, citing the growing risks of climate disasters. In turn, over 50% of all Californians believe they have been affected by climbing property prices or dropped by their insurer in the last year.

Even in La-la land actuarial science is a harsh and unforgiving mistress.

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions.

The gnashing of teeth, rending of garments, and wailing will be epic and it will happen.

The dem Socialists will make a deal and bail out the uninsured, and a large percentage of payouts will be fraudulent.

Blah, it all went downhill when they swapped Jakes.

 

[jotathought]

State Farm Threatens to Abandon California If They Can't Raise Prices: 52% For Renters, 30% For Homeowners

High inflation and rising California fires have led State Farm to propose homeowners insurance rate hikes. At the same time, many insurers remain hesitant to return to the state due to rapid climate change.

www.ibtimes.co.uk

California's largest insurer, State Farm, recently notified California's Department of Insurance to allow them to hike home insurance rates for millions of residents, or they will drop coverage of many insured. The request comes amid the state's ongoing insurance crisis as coverage costs increase.

Several insurers, such as Allstate, Farmers Direct, and State Farm, have limited coverage or stopped conducting business entirely in the Golden State, citing the growing risks of climate disasters. In turn, over 50% of all Californians believe they have been affected by climbing property prices or dropped by their insurer in the last year.

Even in La-la land actuarial science is a harsh and unforgiving mistress.
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions.
https://en.wikipedia.org/wiki/Actuarial_science#:~:text=Actuarial science is the discipline that,investment and other industries and professions.&text=Actuarial science is the,other industries and professions.&text=is the discipline that,investment and other industries
The gnashing of teeth, rending of garmets, and wailing will be epic and it will happen.
https://en.wikipedia.org/wiki/Actuarial_science#:~:text=Actuarial science is the discipline that,investment and other industries and professions.&text=Actuarial science is the,other industries and professions.&text=is the discipline that,investment and other industries
The dem Socialists will make a deal and bail out the uninsured, and a large percentage of payouts will be fraudulent.
https://en.wikipedia.org/wiki/Actuarial_science#:~:text=Actuarial science is the discipline that,investment and other industries and professions.&text=Actuarial science is the,other industries and professions.&text=is the discipline that,investment and other industries
https://en.wikipedia.org/wiki/Actuarial_science#:~:text=Actuarial science is the discipline that,investment and other industries and professions.&text=Actuarial science is the,other industries and professions.&text=is the discipline that,investment and other industries
Blah, it all went downhill when they swapped Jakes.
https://en.wikipedia.org/wiki/Actuarial_science#:~:text=Actuarial science is the discipline that,investment and other industries and professions.&text=Actuarial science is the,other industries and professions.&text=is the discipline that,investment and other industries

https://en.wikipedia.org/wiki/Actuarial_science#:~:text=Actuarial science is the discipline that,investment and other industries and professions.&text=Actuarial science is the,other industries and professions.&text=is the discipline that,investment and other industries

California, being progressive, probably still has the same problem with Progressive Insurance coverage (pun intended). What a great example of the Democratic utopia that continues to receive doses of reality.

 

[Manonthestreet]

Wonder how much my rates are going up to cover them. Getting to the point here you have to compare rates every yr. They won't give You the low mileage discount without their car plug in despite knowing I drive a mile to work. The probability of me being in an accident is almost nil

 

[crossbody]

I used to be with them. I dropped State Farm. Contractors (roofers, plumbers, etc...) told me that State Farm is the second worst insurer in America, and Allstate is the #1 worst. Meaning they will not payout on much of anything despite all you pay into them.

 

[crossbody]

The companies that can afford to do the multiple commercials (TV/radio) are also the ones in a financial position to misuse you and cheat you.

 

[1srelluc]

The companies that can afford to do the multiple commercials (TV/radio) are also the ones in a financial position to misuse you and cheat you.

Yeah, it's a toss-up on who to hate more.....Insurance companies or the state of CA.

 

[Fort Fun Indiana]

California, being progressive, probably still has the same problem with Progressive Insurance coverage (pun intended). What a great example of the Democratic utopia that continues to receive doses of reality.

Wtf does any of it have to do with progressivism?

It's because properties there are valuable and there have been a lot of natural disasters. It's simply math, ya freaks.

 

[jackflash]

State Farm Threatens to Abandon California If They Can't Raise Prices: 52% For Renters, 30% For Homeowners

High inflation and rising California fires have led State Farm to propose homeowners insurance rate hikes. At the same time, many insurers remain hesitant to return to the state due to rapid climate change.

www.ibtimes.co.uk

California's largest insurer, State Farm, recently notified California's Department of Insurance to allow them to hike home insurance rates for millions of residents, or they will drop coverage of many insured. The request comes amid the state's ongoing insurance crisis as coverage costs increase.

Several insurers, such as Allstate, Farmers Direct, and State Farm, have limited coverage or stopped conducting business entirely in the Golden State, citing the growing risks of climate disasters. In turn, over 50% of all Californians believe they have been affected by climbing property prices or dropped by their insurer in the last year.

Even in La-la land actuarial science is a harsh and unforgiving mistress.

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions.

The gnashing of teeth, rending of garments, and wailing will be epic and it will happen.

The dem Socialists will make a deal and bail out the uninsured, and a large percentage of payouts will be fraudulent.

Blah, it all went downhill when they swapped Jakes.

The insurance industry as a WHOLE(med/auto/home etc.) are just revenuers for government.

https://pnhp.org/news/us-health-care-is-pretty-good-if-you-own-an-insurance-company/

 

[Freedomisneverfree]

State Farm Threatens to Abandon California If They Can't Raise Prices: 52% For Renters, 30% For Homeowners

High inflation and rising California fires have led State Farm to propose homeowners insurance rate hikes. At the same time, many insurers remain hesitant to return to the state due to rapid climate change.

www.ibtimes.co.uk

California's largest insurer, State Farm, recently notified California's Department of Insurance to allow them to hike home insurance rates for millions of residents, or they will drop coverage of many insured. The request comes amid the state's ongoing insurance crisis as coverage costs increase.

Several insurers, such as Allstate, Farmers Direct, and State Farm, have limited coverage or stopped conducting business entirely in the Golden State, citing the growing risks of climate disasters. In turn, over 50% of all Californians believe they have been affected by climbing property prices or dropped by their insurer in the last year.

Even in La-la land actuarial science is a harsh and unforgiving mistress.

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions.

The gnashing of teeth, rending of garments, and wailing will be epic and it will happen.

The dem Socialists will make a deal and bail out the uninsured, and a large percentage of payouts will be fraudulent.

Blah, it all went downhill when they swapped Jakes.

They replaced Jake with a black man.

 

[Fort Fun Indiana]

The companies that can afford to do the multiple commercials (TV/radio) are also the ones in a financial position to misuse you and cheat you.

You want your insurance company to advertise. You want your risk pool to be bigger, as they take on more clients. That is a downward pressure on premiums.

 

[Donald H]

State Farm Threatens to Abandon California If They Can't Raise Prices: 52% For Renters, 30% For Homeowners

High inflation and rising California fires have led State Farm to propose homeowners insurance rate hikes. At the same time, many insurers remain hesitant to return to the state due to rapid climate change.

www.ibtimes.co.uk

California's largest insurer, State Farm, recently notified California's Department of Insurance to allow them to hike home insurance rates for millions of residents, or they will drop coverage of many insured. The request comes amid the state's ongoing insurance crisis as coverage costs increase.

Several insurers, such as Allstate, Farmers Direct, and State Farm, have limited coverage or stopped conducting business entirely in the Golden State, citing the growing risks of climate disasters. In turn, over 50% of all Californians believe they have been affected by climbing property prices or dropped by their insurer in the last year.

Even in La-la land actuarial science is a harsh and unforgiving mistress.

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries and professions.

The gnashing of teeth, rending of garments, and wailing will be epic and it will happen.

The dem Socialists will make a deal and bail out the uninsured, and a large percentage of payouts will be fraudulent.

Blah, it all went downhill when they swapped Jakes.

That all depends on whether climate disasters are real or not, doesn't it.

And the Magas have all determined that they're not already.

When's the next gun show?

 

[Fort Fun Indiana]

That all depends on whether climate disasters are real or not, doesn't it.

We're a bit beyond that point.

 

[Donald H]

The god and his son have taken over and they're caused issues all over America of this sort. Only the god or his boy can change climate and then force higher insurance prices.

 

[1srelluc]

They replaced Jake with a black man.

Well they couldn't have some white guy in their commercials anymore.

I had to really hunt for a pic of the white Jake to make the meme..

 

[Fort Fun Indiana]

Well they couldn't have some white guy in their commercials anymore.

I had to really hunt for a pic of the white Jake to make the meme..

You poor baby.

 

[jotathought]

Wtf does any of it have to do with progressivism?

It's because properties there are valuable and there have been a lot of natural disasters. It's simply math, ya freaks.

Many California homes are overvalued .. even the biggest piece of shit, run-down houses, can net $400-$500K + in certain areas.

 

[JoeB131]

I used to be with them. I dropped State Farm. Contractors (roofers, plumbers, etc...) told me that State Farm is the second worst insurer in America, and Allstate is the #1 worst. Meaning they will not payout on much of anything despite all you pay into them.

I've had Allstate for the last 30 years for my cars and homes. I've never had an issue with them.

 

[Fort Fun Indiana]

Many California homes are overvalued .

False. Settlement amounts are based on comparable sales prices. The value is what someone will pay for them.

Of course houses are often worth more, in progressive areas. Progressives tend to be more educated and more successful, so they end up the majority in desirable areas quite often.