« previous next »
Pages: [1]   Go Down

Author Topic: Major Insurer Gives Harsh Ultimatum to Entire State of California  (Read 1728 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • TBR Contributor
  • *****
  • Posts: 176,735
Major Insurer Gives Harsh Ultimatum to Entire State of California
« on: July 04, 2024, 09:28:37 am »
Major Insurer Gives Harsh Ultimatum to Entire State of California
©Raysonho/Wikipedia Commons

A major insurer in California has given the entire state a stark wake-up call. The firm, State Farm General, just asked the Department of Insurance to let them raise residential insurance rates for millions of residents for the third time this year.   

The company claims it will pack up its business and move out of state if it can't extract more funds from Californians amid rising business costs and increasing claims caused by natural disasters.   

https://www.msn.com/en-us/money/insurance/major-insurer-gives-harsh-ultimatum-to-entire-state-of-california/ss-BB1pmkgK?ocid=msedgntp&pc=HCTS&cvid=6d520f4738b942beb7145a70fde34db8&ei=21#image=1
Logged
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline Kamaji

  • Hero Member
  • *****
  • Posts: 48,301
Re: Major Insurer Gives Harsh Ultimatum to Entire State of California
« Reply #1 on: July 04, 2024, 10:37:44 am »
California will end up seizing their California business.
Logged

Offline PeteS in CA

  • Hero Member
  • *****
  • Posts: 13,534
Re: Major Insurer Gives Harsh Ultimatum to Entire State of California
« Reply #2 on: July 04, 2024, 01:35:55 pm »
It's predictable that the ruling Dems in Sacto will condemn State farm as "greedy", ignoring the "... amid rising business costs and increasing claims caused by natural disasters ..." which to a significant degree are caused by Sacto's rulers.
Logged
I am not and never have been a leftist.

If, as anti-Covid-vaxxers claim, https://www.poynter.org/fact-checking/2021/robert-f-kennedy-jr-said-the-covid-19-vaccine-is-the-deadliest-vaccine-ever-made-thats-not-true/ , https://gospelnewsnetwork.org/2021/11/23/covid-shots-are-the-deadliest-vaccines-in-medical-history/ , The Vaccine is deadly, where in the US have Pfizer and Moderna hidden the millions of bodies of those who died of "vaccine injury"?

Millions now living should have died. Anti-Covid-Vaxxer ghouls hardest hit.

Offline DB

  • Hero Member
  • *****
  • Posts: 10,133
Re: Major Insurer Gives Harsh Ultimatum to Entire State of California
« Reply #3 on: July 04, 2024, 01:39:41 pm »
Quote from: PeteS in CA on July 04, 2024, 01:35:55 pm
It's predictable that the ruling Dems in Sacto will condemn State farm as "greedy", ignoring the "... amid rising business costs and increasing claims caused by natural disasters ..." which to a significant degree are caused by Sacto's rulers.

The funny thing is it is complete logic fail to say insurance companies are leaving the state because they are "greedy"... They want nothing to do with you and somehow that makes them greedy by not doing business with you...
Logged

Offline DB

  • Hero Member
  • *****
  • Posts: 10,133
Re: Major Insurer Gives Harsh Ultimatum to Entire State of California
« Reply #4 on: July 04, 2024, 01:45:48 pm »
Quote from: Kamaji on July 04, 2024, 10:37:44 am
California will end up seizing their California business.

California already has "California Fair Plan" laws. It forces all the insurance carriers who do business in California to be part of a pool for properties that they individually don't want to insure. With my California house I was forced to use California Fair Plan to get any homeowner's fire insurance at all. California is so mismanaged that no one wants to touch it if you don't live deep in the cities. It has become a major crisis. For many carriers, California isn't worth it and they simply leave.
Logged

Offline Free Vulcan

  • Technical
  • *****
  • Posts: 16,606
  • Gender: Male
  • Ah, the air is so much fresher here...
Re: Major Insurer Gives Harsh Ultimatum to Entire State of California
« Reply #5 on: July 04, 2024, 01:46:36 pm »
Sounds like they don't have much to lose.

Suck it Cali.
Logged
The Republic is lost.

Online jafo2010

  • Hero Member
  • *****
  • Posts: 8,117
  • Dems-greatest existential threat to USA republic!
Re: Major Insurer Gives Harsh Ultimatum to Entire State of California
« Reply #6 on: July 04, 2024, 02:44:23 pm »
Last I checked, we have a free market.  If California is no longer such that a company can provide a service and make money, I say leave town.  Frankly, California has been under Democommie control long enough it is time for the state to go down the drain in the swirl.  CA is an excellent example how totally incompetent politicians can f***up everything they touch, a truly Bidenesque state!!!
Logged

Offline GtHawk

  • Hero Member
  • *****
  • Posts: 14,529
  • Gender: Male
  • Well EXCUSE me!
Re: Major Insurer Gives Harsh Ultimatum to Entire State of California
« Reply #7 on: July 04, 2024, 03:19:09 pm »
Quote from: jafo2010 on July 04, 2024, 02:44:23 pm
Last I checked, we have a free market.  If California is no longer such that a company can provide a service and make money, I say leave town.  Frankly, California has been under Democommie control long enough it is time for the state to go down the drain in the swirl.  CA is an excellent example how totally incompetent politicians can f***up everything they touch, a truly Bidenesque state!!!
California is a perfect example of a democrat dictatorship and what they want to do to all of America, just think what a Noisome presdency and Democrat super majority would do.....he'll we might miss the days of Dementia Joe.
« Last Edit: July 04, 2024, 03:31:24 pm by GtHawk »
Logged

Offline Kamaji

  • Hero Member
  • *****
  • Posts: 48,301
Re: Major Insurer Gives Harsh Ultimatum to Entire State of California
« Reply #8 on: July 04, 2024, 03:19:54 pm »
Quote from: GtHawk on July 04, 2024, 03:19:09 pm
California is a perfect example of a democrat dictatorship and what they want to do to all of America, just think what a Poisons presdency and Democrat super majority would do.....he'll we might miss the days of Dementia Joe.

Yup.
Logged

Offline LMAO

  • Hero Member
  • *****
  • Posts: 12,762
  • Gender: Male
Re: Major Insurer Gives Harsh Ultimatum to Entire State of California
« Reply #9 on: July 04, 2024, 09:05:49 pm »
Quote from: GtHawk on July 04, 2024, 03:19:09 pm
California is a perfect example of a democrat dictatorship and what they want to do to all of America, just think what a Noisome presdency and Democrat super majority would do.....he'll we might miss the days of Dementia Joe.

Newsom is the quintessential progressive. A simplistic, childlike view of how the world works, and he’s going to get his way and how dare people pursue their own self interest over his worldview
Logged
I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

Barry Goldwater

http://www.usdebtclock.org

My Avatar is my adult autistic son Tommy
Pages: [1]   Go Up
« previous next »