Comments on: State Farm, California’s Largest Insurer, Threatens to Leave Unless State Allows Policy Price Hikes of 50% or More https://americanconservativemovement.com/state-farm-californias-largest-insurer-threatens-to-leave-unless-state-allows-policy-price-hikes-of-50-or-more/ American exceptionalism isn't dead. It just needs to be embraced. Tue, 09 Jul 2024 21:02:38 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: SFAgent Eric https://americanconservativemovement.com/state-farm-californias-largest-insurer-threatens-to-leave-unless-state-allows-policy-price-hikes-of-50-or-more/#comment-41504 Tue, 09 Jul 2024 21:02:38 +0000 https://americanconservativemovement.com/?p=209623#comment-41504 And Shame on the moderator/author for not posting my previous comment. Guess it doesn’t fit the narrative and challenges your assertions. All so you can get more hits and sell more ads.

]]> By: Eric Opdahl https://americanconservativemovement.com/state-farm-californias-largest-insurer-threatens-to-leave-unless-state-allows-policy-price-hikes-of-50-or-more/#comment-41502 Tue, 09 Jul 2024 20:56:03 +0000 https://americanconservativemovement.com/?p=209623#comment-41502 State Farm has not threatened to leave the State. The author makes it sound like they did, but there is no direct quote or source for that information.
State Farm did request increases, but there has been no threat to leave California. Here are the other companies that have asked for increases recently:
Updated Competitor Actions
The California Auto & Home Competitor Actions documents have been updated with filings through the end of May.

• Auto:
o GEICO General pending filing for +6.9% with requested effective date of 11/1/2024
o Allstate Northbrook pending filing for +6.9% effective On Approval
o Farmers pending filing for +6.9% with requested effective date of 9/26/2024
o Auto Club pending filing for +6.9% with requested effective date of 11/1/2024

• Home:
o Travelers approved for +12.6% effective 6/24/2024.
o CSAA approved for +6.9% effective 8/1/2024.
o Farmers approved for +8.0% for their New Business program with 8/19/2024 effective date
o Safeco pending filing added: +13.7% increase with 12/1/2024 effective date
Mercury pending filing added: +12.1% increase with 5/10/2025 effective date

Shame on the author for twisting things and not providing sources.

]]> By: HAT451 https://americanconservativemovement.com/state-farm-californias-largest-insurer-threatens-to-leave-unless-state-allows-policy-price-hikes-of-50-or-more/#comment-41491 Tue, 09 Jul 2024 18:29:03 +0000 https://americanconservativemovement.com/?p=209623#comment-41491 In this case, the phrase “climate change is causing more disasters” from the article is a euphemism of lawlessness, excessive costly needless regulations, state not maintaining public lands, etc. Since insurance companies do not print money, nor do they have a “money tree”, when the cost of business goes up, they are forced to either raise their prices of close shop.

Given the current trend, insurance companies will depart forced to depart the state, and in the end insurance will become a monopoly, one insurance insurance provider within the state, government insurance. Like dealing with DMV for your drivers’ license and vehicle registration? How much more “fun” will be to also deal with them for your insurance?

]]> By: Eric Opdahl https://americanconservativemovement.com/state-farm-californias-largest-insurer-threatens-to-leave-unless-state-allows-policy-price-hikes-of-50-or-more/#comment-41484 Tue, 09 Jul 2024 17:02:57 +0000 https://americanconservativemovement.com/?p=209623#comment-41484 Is this statement you made true? “Many Californians no longer have home insurance coverage at all because insurers are fleeing the state in protest and there are no alternatives” If so, where is your research, statistics or quote with citation on how many people in California have no home insurance?
The truth is, that if your carrier is non-renewing your policy, that homeowners are buying insurance through the Fair Plan for Fire Coverage and you can purchase a policy to cover liability and more from another carrier – so you end up having 2 policies. Homeowners with home loans can also allow their lenders to place insurance for them, usually at higher rates.
Also, you give no evidence that State Farm Insurance said they would leave the State. Where is the quote? Where is the supporting evidence?
State Farm did file for rate increases, but that does not mean that they are planning on leaving the State.
Shame on you for hyping up an article without being able to back up your claims.
Eric Opdahl
State Farm Agent California, 22 years

]]> By: Rumplestiltskin https://americanconservativemovement.com/state-farm-californias-largest-insurer-threatens-to-leave-unless-state-allows-policy-price-hikes-of-50-or-more/#comment-41454 Tue, 09 Jul 2024 12:16:32 +0000 https://americanconservativemovement.com/?p=209623#comment-41454 Do not let state farm raise rates because all they are trying to do is feed their stockholders, and quite frankly they should be the first to take a hit. Can you imagine the chaos that will ensue when everyone stops paying their car and home insurance, because food and gas are more important than insurance? We are not take getting screwed sitting down because of Bidenomics and his destruction of America.

You people must realize that inflation affects every aspect of American life and it will soon become an ever escalating downward spiral into third world status as America falls apart !!!

]]> By: Catpaws https://americanconservativemovement.com/state-farm-californias-largest-insurer-threatens-to-leave-unless-state-allows-policy-price-hikes-of-50-or-more/#comment-41447 Tue, 09 Jul 2024 11:33:23 +0000 https://americanconservativemovement.com/?p=209623#comment-41447 Instead of making idle threats, State Farm should consider not writing any new business and reduce or eliminate renewals in CA. Insurance is becoming a perk for the wealthy as the peasant population grows as planned by CA politicians.

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