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You actually do own a Delorean? Damn it, I 100% should have stopped and visited you on my Oregon trip.
Hit me up if you're ever back in the area, I might take you on a ride if you let me borrow your cape
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You actually do own a Delorean? Damn it, I 100% should have stopped and visited you on my Oregon trip.
I predict the Legislature will step in and fix this CA insurance problem once and for all....ha![/QUOTE] [URL="https://abc7.com/consumer-watchdog-nonprofit-california-state-farm-allstate-home-insurance/13348425/ said:[EXTERNAL LINK] - Consumer group accuses Allstate, State Farm of extortion after insurers halt new home policies in CA[/URL]
Here is comes, the pressure....
"their not losing money";, "this is extorsion, but it is not real"....
I linked to this recent artical from my thread, and this may be better:
[EXTERNAL LINK] - Consumer group accuses Allstate, State Farm of extortion after insurers halt new home policies in CA
Are going to make them sell policy's?
Fantastic commentary."triggering calls of extortion by a local watchdog group." YAH, sure.
"They're not losing money. Their profits in California on homeowners insurance are four times the national average," said the group's founder Harvey Rosenfield. "Over the last 20 to 25 years, they've take in tens of billions of dollars more than they've paid out in claims during that time." OK....but where is that trend line headed now? SF just had their worst loss ever.
"This is extortion but it's not real," said Rosenfield." What is not real? You are the one using the word extortion - if its not real - than dont use the word.
"Rosenfield said Lara has the authority under Prop103 to declare an emergency and force Allstate and State Farm to resume selling homeowner insurance policies or risk being banned from selling all other forms of insurance in California." That would really help the situation, LOL. Rosenfield you must have not been paying attention to the situation. This has been unfolding now for almost three years. All the personal lines producers in the state have seen this coming. Lloyds of London would reject a home, but State Farm would still take it. Something was amiss.
"It's clear to us that the insurance industry is in the middle of a boycott of the state of California," said Rosenfield. "They want uncontrolled rate increases." Yah, uncontrolled - you mean like other states? When you say Boycott, are you referring to underwriting sanity?
This is a really unbalanced article. Where are the statistics ABC news? Or was that too much work?
Thanks for the share @AZDave
Totally, if only there were agents out there that had warned inspiring CA agents about this ....Must really suck if you sunk your life savings into opening a new scratch agency in CA this year.
Totally agree.I am not a CA agent, but seems SF was one of the only companies able to write new bus. Maybe worried about adverse selection, they are now taking a giant break.
exceptional UW criteria