A few insurance companies have been dropping policies or refuse to issue policies for homeowners in California. Among those are State Farm, Farmers, and Allstate.
Therefore, homeowners and landlords are suffering losses of property and life and absorbing all damage, cost, and tragedy without commercial support. It's not like insurance companies are in the business of sharing risk for a price. Who hasn't seen their premiums increase without regard to coverage? We must maintain record profitability and qualify for CEO bonuses.
Speaking of CEO's, who remembers Brian Thompson, recently deceased? I wonder if he has been on the minds of Jon Farney, Raul Vargas, or Thomas J Wilson, the CEO's respectively of State Farm, Farmers, and Allstate. They gotta be considering increasing security.
