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-   -   The Pull Out Method: State Farm Non Renews 72,000 California Policies (https://www.thevettebarn.com/forums/showthread.php?t=137015)

Bill 03-24-2024 4:26pm

The Pull Out Method: State Farm Non Renews 72,000 California Policies
 

LATB 03-24-2024 4:59pm

They left FL decades ago.
If I was in charge of the legislature I would have a policy that if you don’t sell property insurance you can’t sell auto and other gravy products.

Rodnok1 03-24-2024 5:01pm

SF left alot of counties in NC a few years back, not just along the coast either.
Overall that's a small number for California.
Several companies pulled out of the coastal counties at the same time, a few from mountain counties also.

Frankie the Fink 03-24-2024 5:18pm

State Farm pulled a number on Florida residents after the 4 hurricane "hit" around 2004; even running their operations off shore where US regulations don't apply..

LATB 03-24-2024 5:38pm

Quote:

Originally Posted by Frankie the Fink (Post 2236431)
State Farm pulled a number on Florida residents after the 4 hurricane "hit" around 2004; even running their operations off shore where US regulations don't apply..

I think they started their pull out after Andrew or Opal back in the 90’s.

slewfoot 03-24-2024 5:52pm

https://i.imgur.com/zlIjVXz.png

KenHorse 03-24-2024 6:06pm

Like a good neighbor
State Farm is the **** outta there!

Unsuspicious 03-24-2024 6:11pm

A state farm is one of the goals of a communist government, don't be surprised when the name is right there all along

ZipZap 03-24-2024 6:18pm

Quote:

Originally Posted by LATB (Post 2236421)
They left FL decades ago.
If I was in charge of the legislature I would have a policy that if you don’t sell property insurance you can’t sell auto and other gravy products.

You advocate a business operating at a loss as a law? Damn, Lars. They would absolutely operate everywhere if the laws allowed them to charge what they need to make a profit. Don't hate State Farm, hate the attorneys and legislatures in south FL and CA for making it an impossible landscape.

LATB 03-24-2024 6:45pm

Quote:

Originally Posted by ZipZap (Post 2236454)
You advocate a business operating at a loss as a law? Damn, Lars. They would absolutely operate everywhere if the laws allowed them to charge what they need to make a profit. Don't hate State Farm, hate the attorneys and legislatures in south FL and CA for making it an impossible landscape.

I agree with you. My point is why allow them to sell auto but not property?

Loco Vette 03-24-2024 7:32pm

Quote:

Originally Posted by LATB (Post 2236457)
I agree with you. My point is why allow them to sell auto but not property?

More companies selling a product = more competition for customers and usually lower prices.

LATB 03-24-2024 7:34pm

Quote:

Originally Posted by Loco Vette (Post 2236472)
More companies selling a product = more competition for customers and usually lower prices.

Wish we had that option for property insurance in Florida.

Taurus 03-24-2024 7:35pm

Allstate did this to me in Kansas City back in 2001, always been part of the industry.

Swany00 03-24-2024 7:40pm

FU SF

Loco Vette 03-24-2024 8:13pm

Quote:

Originally Posted by LATB (Post 2236473)
Wish we had that option for property insurance in Florida.

When they can price their products so they make a profit, you will.

Yadkin 03-24-2024 8:32pm

FCA, and FJB.

ZipZap 03-24-2024 11:17pm

Quote:

Originally Posted by LATB (Post 2236457)
I agree with you. My point is why allow them to sell auto but not property?

Why not just have them satisfy your needs, rather than the demands of a company and stockholders?

No. If they can't make a profit on a product, whether it's insurance or jellybeans, then they should pull out.

If you feel you are getting screwed, why don't you self insure?

Nosferatu 03-24-2024 11:35pm

Shockingly my insurance company after claiming a Ferrari as a total loss and getting paid out for it they still do business with me. :slap:

I took them to the cleaners. The "deductible" was laughable at the total cost they had to pay out to make me whole. They still insure my house and cars and umbrella in good 'ol Florida.

LATB 03-25-2024 7:24am

Quote:

Originally Posted by Loco Vette (Post 2236490)
When they can price their products so they make a profit, you will.

I believe a lot of it is political. I think DeSantis and the folks in Tallahassee need to fix the problem ASAP.

LATB 03-25-2024 7:25am

Quote:

Originally Posted by ZipZap (Post 2236557)
Why not just have them satisfy your needs, rather than the demands of a company and stockholders?

No. If they can't make a profit on a product, whether it's insurance or jellybeans, then they should pull out.

If you feel you are getting screwed, why don't you self insure?

I'm giving that serious consideration. If I did I would still have a liability policy. :seasix:


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