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State Farm will no longer issue property insurance in California
East Bay Times ^ | 05/26/23 | SAMANTHA GOWEN

Posted on 05/27/2023 4:26:10 PM PDT by Robwin

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To: Robwin

As of May 30th, Wilton Reassurance Life Company of New York is taking over the life insurance section of Allstate. I’ve had a whole life insurance policy with Allstate for many years. My monthly payments are automatically taken out of my bank account, so I’m hoping there won’t be a problem down the road. They said there shouldn’t be. They also said that my current Allstate agent will continue to be my agent for my policy.


21 posted on 05/27/2023 5:31:23 PM PDT by mass55th ("Courage is being scared to death, but saddling up anyway." ~~ John Wayne )
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To: Robwin

I have skipped auto collision insurance since I began buying new cars only in 1967. Over 55 years I have saved enough to buy 2 brand new cars.


22 posted on 05/27/2023 5:32:07 PM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: Night Hides Not
Jake is saddened.

The original Jake, or the black one that replaced him?

23 posted on 05/27/2023 5:35:12 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

LOL, wouldn’t it be both?


24 posted on 05/27/2023 5:39:02 PM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: Night Hides Not

I suspect White Jake would be laughing his butt off.


25 posted on 05/27/2023 5:39:38 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: RushIsMyTeddyBear

“They SUCK!! I have been dealing with them since December concerning a burst pipe in my elderly mom’s property.
I have to keep staying on their @ss because they are dragging their feet on payment.”

NUMEROUS complaints - years after the most recent hurricanes - among State Farm insureds in Louisiana.


26 posted on 05/27/2023 5:46:32 PM PDT by Magic Fingers (Political correctness mutates in order to remain virulent.)
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To: dfwgator

“The original Jake, or the black one that replaced him?”

They must be proud of their token Jake - I bet I’ve seen him 100 to 1 in commercials compared to the white Jake.


27 posted on 05/27/2023 5:47:57 PM PDT by Magic Fingers (Political correctness mutates in order to remain virulent.)
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To: dfwgator

You’re right, he won’t have to work the graveyard shift anymore.


28 posted on 05/27/2023 5:48:26 PM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
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To: Robwin
No logo for the company in California:


29 posted on 05/27/2023 5:56:37 PM PDT by Dr. Sivana ("If you can’t say something nice . . . say the Rosary." [Red Badger])
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To: Bonemaker

—”They’d be better off selling insurance in Ukraine.”

A perfect comment!

Concise and to the point.
And funny.


30 posted on 05/27/2023 6:24:56 PM PDT by DUMBGRUNT ( "The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last messa)
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To: DUMBGRUNT

Just an old goat cutting to the chase and not suffering fools gladly.😎


31 posted on 05/27/2023 6:50:29 PM PDT by Bonemaker (invictus maneo)
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To: Robwin

Soon to quit writing auto insurance as the glorified golf carts proliferate and a relatively small fender bender results in the complete write off of the vehicle.


32 posted on 05/27/2023 7:47:54 PM PDT by technically right
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To: Robwin

State Farm said Friday, May 26, that it will stop accepting new applications for property and casualty insurance in California..

Home sales will stop very quickly.


33 posted on 05/27/2023 7:53:25 PM PDT by Texas resident (We are living through Barak's fundamental transformation)
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To: dfwgator

Jake was replaced with Jaquon.


34 posted on 05/27/2023 7:54:02 PM PDT by Texas resident (We are living through Barak's fundamental transformation)
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To: Texas resident

Then the government takes over housing.


35 posted on 05/27/2023 7:54:21 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Robwin
The change does not apply to personal auto insurance or existing home insurance policies in the state.

Ahhh, but wait until renewal time.

36 posted on 05/27/2023 8:02:40 PM PDT by pfflier
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To: Robwin

All the insurance companies are running for the border of Florida as well. We have a company of last resort run by the government. It will soon be the only company doing business in Florida things keep going the way they are. Ronnie doesn’t care.


37 posted on 05/27/2023 10:03:22 PM PDT by tinamina (Remember when Biden said “we have developed the most sophisticated voting fraud system ever”? )
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To: Robwin

Notice they spread out the losses by increasing the home insurance premiums in other states each year. However, in a “low-loss” year, our insurance rates never go down.

I’m rather touchy on the subject since our insurance costs has doubled since Biden was installed. We have never made a claim against our insurance company and yet our bill which has remained stable for years, suddenly increased quite a bit last year and again this year. With inflation on the rise once more, I expect it to increase again next year.

Since State Farm has opened the door (so to speak) we might see other home-owner’s insurance companies taking the opportunity to bolt the state as well.


38 posted on 05/27/2023 10:37:07 PM PDT by CFW (old and retired)
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To: Texas resident

“Home sales will stop very quickly.!”

One of the often unknown +’s about Prop 13 in California has been the ability to keep and transfer your lower/older yearly tax base to some counties which have higher appraisal values and still keep your older/lower property taxes when buying a newer home with your low prop 13 tax rate.


39 posted on 05/28/2023 12:35:56 PM PDT by Grampa Dave (We have no shortage of experts, who state things as fact, but really have no idea!)
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