State Farm General asked Monday for an emergency rate increase averaging 22%, claiming the Los Angeles County fires have put California's largest insurer in tough financial straits.
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Increase to who? How about those who choose to live in areas that are known for natural disasters like the same people who choose to live on the beach.
These motherfuckers think it's just swell grow rich AF collecting premiums when there is no crisis, they sure as shit better pay out when there is one and not whine about it.
It's literally what they are tasked to do. Absorb the cost and remove the risk for customers. Their incompetence in managing their business is their problem. Corporate welfare, so gross.
State Farm still writing Oregon homeowners policies in fire-prone areas for less than what homeowners were paying before after these same homeowners are dropped by their previous providers, because State Farm knows that they will get bailed out by the government.
Increase 22% means pay shareholders... $$$? Charging people hundreds of miles from LA outside fire zones is just plain wrong. But who will stop them? Nobody.
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maybe buy less avocado toast and you could afford to *checks notes* do your job 🤷♂️