State Farm cuts 72,000 homeowner policies in California because California SUCKS.

[Orangeclad]

Continuing trend of major and smaller insurers cutting business in California, inflation and regulation cited as factors.

https://www.foxbusiness.com/media/s...urance-policies-decision-was-not-made-lightly

 

[nail1988]

Continuing trend of major and smaller insurers cutting business in California, inflation and regulation cited as factors.

https://www.foxbusiness.com/media/s...urance-policies-decision-was-not-made-lightly

bump @Mdfgator

 

[NavigatorII]

Continuing trend of major and smaller insurers cutting business in California, inflation and regulation cited as factors.

https://www.foxbusiness.com/media/s...urance-policies-decision-was-not-made-lightly

State Farm tried to do the same thing in Florida several years ago. The insurance commissioner told State Farm, "you can pull out of the housing market, but rest assured you won't be selling auto here anymore". That ended that.

 

[Capt Ron 1]

State Farm tried to do the same thing in Florida several years ago. The insurance commissioner told State Farm, "you can pull out of the housing market, but rest assured you won't be selling auto here anymore". That ended that.

Well California is no Florida...that's for sure. In fact...it is 180degrees different. Only steers and ****** are from Kookyfornia...and I have never met anyone with horns from there..so there is that.

 

[Orangeclad]

California insurance commissiner better be careful poking the bear or risk even more pullouts. Contrary to stupid opinions by the resident troll/moron here, California is a crappy state for business.

California insurance commissioner declares 'crisis' after major State Farm announcement

California Insurance Commissioner Ricardo Lara warned that overregulation will push insurance companies to leave the state after State Farm announced it would cut 72,000 policies.

www.foxbusiness.com