• Do you have any victories you'd like to share for the month of May? Help us celebrate others by posting here.

State Farm Halts Home Insurance in California - WSJ

California Insurance Commissioner Ricardo Lara does not plan on taking any action against State Farm after the insurance giant announced it was no longer accepting applications for new home insurance policies last month.

“Absolutely not,” Lara told KCRA 3 in an interview on Monday, responding to calls from consumer advocacy groups who have said he has the power to reverse State Farm’s decision. “According to my legal team, I don’t have the authority to do that." ; He also noted California homeowners can start getting discounts for hardening their homes against wildfires -
https://programbusiness.com/news/ca...-says-he-cant-take-action-against-state-farm/

If he could, he surely would.....
 
Yep because lack of discounts is now the problem. There seems to be some confusion in Sacramento about the core challenge here.

Wait till the Real Estate Industry puts two and two together here and starts lobbying for change.

Lolz, they are already getting deep discounts if you think about it. Both the coverages and premiums are discounted so deep that there aren't any. You can't get a bigger discount than 0.
 

Latest posts

Back
Top