JR Buckley 🏳️‍🌈⚛️Mar 22, 2024
Steve Herman
State Farm, the largest insurer in California, has announced it'll discontinue coverage for 72,000 homes and apartments, a move likely to sharply inflate housing costs for affected residents. https://www.mercurynews.com/2024/03/21/california-home-insurance-meltdown-worsens-as-state-farm-sheds-72000-policies/
California home insurance meltdown worsens as State Farm sheds 72,000 policies

State Farm, California’s largest insurer, announced it will not renew coverage for 72,000 homes and apartments as the wildfire-ravaged state’s insurance market continues to reel.

The Mercury News
Mar 22, 2024 at 5:46pmWeb
Show threadKevin LeecasterMar 22, 2024
@w7voa
Burning fossil fuels has consequences as I've been warning about for decades and decades.
Show threadJames BrittMar 22, 2024

@w7voa

Bypass the crapwall:

https://1ft.io/proxy?q=https%3A%2F%2Fwww.mercurynews.com%2F2024%2F03%2F21%2Fcalifornia-home-insurance-meltdown-worsens-as-state-farm-sheds-72000-policies%2F

California home insurance meltdown worsens as State Farm sheds 72,000 policies

California’s largest insurer said it will not renew coverage for those homes.

The Mercury News
Show threadMartin SeegerMar 22, 2024
@w7voa But we cannot afford to to protect the environment 😭
Show threadPhoenixSerenityMar 22, 2024
@w7voa Insurance companies are evil.
Show threadSpaceLifeFormMar 22, 2024

@w7voa

They love to collect the insurance premiums as long as they rarely have to pay out.

Show threadCat WestMar 23, 2024
@w7voa Insurance companies only intend to take money, not pay out. It’s a racket. They should be required to cover everyone, spread the liability more evenly. This ‘We only want to insure homes that never burn, flood, have any damage…’ attitude is corrupt. Insurance is supposed to be a pool of risk, not a selective fishing pond. And no, they aren’t doing it to keep costs down. They have never done anything but raise rates. If they wanted to keep costs down, they could start with salaries.