Greater Los Angeles wildfires (Ongoing)

[CourtesyFlush]

Are the fires dying down at all or are they getting worse?

 

[jerzboy]

Evacuation order for Santa Monica Up next
Holy
This actually crazy

Where you seeing this at

 

[Absolut]

No, they’re raising premiums to cover their losses in Florida and Texas

They lost a billion, with a b, in California in 2023. They told the state the risk is higher than the state projected. The state said nah. State Farm said ok good luck. Who was right? The actuaries did their job.

 

[Malcolmxxx_23]

Where you seeing this at

https://smdp.com/news/santa-monica-issues-emergency-order-in-response-to-palisades-fire/

 

[YakSpiller]

Side Note: man as beautiful as California is, I wouldn't move there. Too many natural disasters

Are you serious?

 

[TELL ME YA CHEESIN FAM?]

Heads finna roll

 

[FaTaL]

Are the fires dying down at all or are they getting worse?

winds are dying down, the fires for the most part are not under control

 

[dora_da_destroyer]

They lost a billion, with a b, in California in 2023. They told the state the risk is higher than the state projected. The state said nah. State Farm said ok good luck. Who was right? The actuaries did their job.

You can’t Jack premiums from 2,500 to 15k they way they were doing people. And this is insurance, their desire to raise premiums was to protect profit, not something like try to remain solvent. The state had every right to try to protect consumers, State Farm is even dropping people in low risk zones just to be petty - they tried dropping my parents who are dead ass in an urban AF neighborhood full of concrete

 

[Sad Bunny]

Is there a website where we can donate to the cause??? I want to help these celebrities. They are people too!!!

 

[Absolut]

You can’t Jack premiums from 2,500 to 15k they way they were doing people. And this is insurance, their desire to raise premiums was to protect profit, not something like try to remain solvent. The state had every right to try to protect consumers, State Farm is even dropping people in low risk zones just to be petty - they tried dropping my parents who are dead ass in an urban AF neighborhood full of concrete

What profit? They lost like 6 billion last year on homeowners insurance due to rising catastrophe risk. If they assess the risk is higher than what they are allowed to charge, they pulled out. What’s their other choice?

 

[jerzboy]

You can’t Jack premiums from 2,500 to 15k they way they were doing people. And this is insurance, their desire to raise premiums was to protect profit, not something like try to remain solvent. The state had every right to try to protect consumers, State Farm is even dropping people in low risk zones just to be petty - they tried dropping my parents who are dead ass in an urban AF neighborhood full of concrete

*nailed it*

 

[FaTaL]

You can’t Jack premiums from 2,500 to 15k they way they were doing people. And this is insurance, their desire to raise premiums was to protect profit, not something like try to remain solvent. The state had every right to try to protect consumers, State Farm is even dropping people in low risk zones just to be petty - they tried dropping my parents who are dead ass in an urban AF neighborhood full of concrete

2500 to 15k is straight crazy, these companies are taking so many losses in tex/flor and have the audacity to think people in cali should pay for those losses as well

 

[dora_da_destroyer]

What profit? They lost like 6 billion last year on homeowners insurance due to rising catastrophe risk. If they assess the risk is higher than what they are allowed to charge, they pulled out. What’s their other choice?

https://archive.ph/ysnIB

Reinsurance is a main reason State Farm is asking for its massive 30% rate hike — but the company is overpaying for reinsurance and consumers shouldn’t foot the bill,” said Carmen Balber, executive director of the group.

State Farm is playing games with their books, even so, people would be ok with a reasonable hike, but there were people trying to buy homes getting quotes for 10k+ on policies that would’ve been 2500 a year ago. That’s gouging. Maybe State Farm has to accept they’re in a poor margin business, like streaming

 

[jerzboy]

https://www.accuweather.com/en/blog...7b-damage-estimate-accuweather-report/1731718

 

[Nitro Tuggle]

Is there a website where we can donate to the cause??? I want to help these celebrities. They are people too!!!

Is there one for non celebrities?