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Reload this Page The Pull Out Method: State Farm Non Renews 72,000 California Policies
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Old 03-24-2024, 4:26pm   #1
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Default The Pull Out Method: State Farm Non Renews 72,000 California Policies
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Old 03-24-2024, 4:59pm   #2
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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.
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Old 03-24-2024, 5:01pm   #3
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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.
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Old 03-24-2024, 5:18pm   #4
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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..
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Old 03-24-2024, 5:38pm   #5
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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.
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Old 03-24-2024, 5:52pm   #6
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Old 03-24-2024, 6:06pm   #7
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Like a good neighbor
State Farm is the **** outta there!
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Old 03-24-2024, 6:11pm   #8
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A state farm is one of the goals of a communist government, don't be surprised when the name is right there all along
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Old 03-24-2024, 6:18pm   #9
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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.
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Old 03-24-2024, 6:45pm   #10
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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?
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Old 03-24-2024, 7:32pm   #11
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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.
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Old 03-24-2024, 7:34pm   #12
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More companies selling a product = more competition for customers and usually lower prices.
Wish we had that option for property insurance in Florida.
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Old 03-24-2024, 7:35pm   #13
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Allstate did this to me in Kansas City back in 2001, always been part of the industry.
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Old 03-24-2024, 7:40pm   #14
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FU SF
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Old 03-24-2024, 8:13pm   #15
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Wish we had that option for property insurance in Florida.
When they can price their products so they make a profit, you will.
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Old 03-24-2024, 8:32pm   #16
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FCA, and FJB.
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Old 03-24-2024, 11:17pm   #17
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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?
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Old 03-24-2024, 11:35pm   #18
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Shockingly my insurance company after claiming a Ferrari as a total loss and getting paid out for it they still do business with me.

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.
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Old 03-25-2024, 7:24am   #19
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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.
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Old 03-25-2024, 7:25am   #20
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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.
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