If only Barry Manilow had known when he wrote the jingle, “Like a good neighbor, State Farm is there.” I hope you don’t find out that Band-Aid is sticking it to us in ways it shouldn’t or I’ll have no childhood jingles left to sing.
In my experience, the issues with State Farm have become standard practice with all large home insurers. They prefer the “perfume of premiums” to the “stench of claims” as one insurance executive once testified in front of a jury, to the horror of the company’s lawyers.
So much for being a good neighbor, eh? State Farm points to the dysfunction of the California insurance landscape, but its aggressive courting of the market and abrupt pullout exacerbated the situation. Like the article says, though, any potential fines over State Farm's mishandling of wildfires-related claims would be a drop in the bucket. Homeowners will feel the most pain.
Just following the lead of the man who put the CON in eCONomy. The gilded age was the end of the 19th century, now the grifters age is the beginning of the 21st century. The internet bubble, housing bubble, and Covid relief program frauds all leading to the crowning of the king of grift as president in 2024. We are living in the age where what was considered white collar crime, is now becoming standard business practice.
I fear the bottom will fall out in the homeowner's insurance market. So many weather events as well as the insurance business itself, just doesn't look good.
of course.... and now FEMA is gone ....might as well save your money and put it towards repairs to your home.... you know "the fix it fund".. one problem you cannot get a mortgage with out insurance and if you do not get your own the bank has "fly by night" insurance to break you
I watch while friends rebuild flooded homes on stilts near the ocean in some states and in others, they were paid to move and the land was given back to nature. At some point insurance will become irrelevant and human beings are going to reap what they sow.
Yes, I feel terrible for anyone losing their home to fire or flood - how horrible - but we keep putting band aids on this disaster we have created. So rather than make it an individual home owner v the big bad insurance company, why not all get together and fix the problem?
Go ahead, laugh at the idealist. I'm sorry, I guess I woke up in 1999 today.
Following. I have to say that I condone the behavior described, that State Farm and my agent (one of their top agents) has been very good to me. However, as a physician, I can’t say anything similar about either health insurance or the unscrupulous agents who sell Medicare Advantage and replacement policies to unsuspecting seniors.
If only Barry Manilow had known when he wrote the jingle, “Like a good neighbor, State Farm is there.” I hope you don’t find out that Band-Aid is sticking it to us in ways it shouldn’t or I’ll have no childhood jingles left to sing.
Unregulated capitalism has brought us here.
It is not just State Farm and not just California.
In my experience, the issues with State Farm have become standard practice with all large home insurers. They prefer the “perfume of premiums” to the “stench of claims” as one insurance executive once testified in front of a jury, to the horror of the company’s lawyers.
So much for being a good neighbor, eh? State Farm points to the dysfunction of the California insurance landscape, but its aggressive courting of the market and abrupt pullout exacerbated the situation. Like the article says, though, any potential fines over State Farm's mishandling of wildfires-related claims would be a drop in the bucket. Homeowners will feel the most pain.
Just following the lead of the man who put the CON in eCONomy. The gilded age was the end of the 19th century, now the grifters age is the beginning of the 21st century. The internet bubble, housing bubble, and Covid relief program frauds all leading to the crowning of the king of grift as president in 2024. We are living in the age where what was considered white collar crime, is now becoming standard business practice.
I fear the bottom will fall out in the homeowner's insurance market. So many weather events as well as the insurance business itself, just doesn't look good.
Is it wrong that I am relieved that today’s outrage for once did not involve The Meatsack in the White House or His Idiot Son-in-Law?
of course.... and now FEMA is gone ....might as well save your money and put it towards repairs to your home.... you know "the fix it fund".. one problem you cannot get a mortgage with out insurance and if you do not get your own the bank has "fly by night" insurance to break you
I watch while friends rebuild flooded homes on stilts near the ocean in some states and in others, they were paid to move and the land was given back to nature. At some point insurance will become irrelevant and human beings are going to reap what they sow.
Yes, I feel terrible for anyone losing their home to fire or flood - how horrible - but we keep putting band aids on this disaster we have created. So rather than make it an individual home owner v the big bad insurance company, why not all get together and fix the problem?
Go ahead, laugh at the idealist. I'm sorry, I guess I woke up in 1999 today.
Following. I have to say that I condone the behavior described, that State Farm and my agent (one of their top agents) has been very good to me. However, as a physician, I can’t say anything similar about either health insurance or the unscrupulous agents who sell Medicare Advantage and replacement policies to unsuspecting seniors.
The farce is legit and the deck is stacked for the rich and powerful ☹️ small actions are all we can do to change the story here.