How about reporting why state farm is leaving? The report is poor.
@barryredman28036 ай бұрын
Could it have anything to do with the massive number of claims?
@WizzRacing6 ай бұрын
It's because California makes it against the law to prevent fires. Has a Water Short Shortage. So they can't fight fires. You cut down trees or clear brush for fire breaks. They will fine your ass for Disturbing the wild life Habitat..
@Mrbfgray6 ай бұрын
Because regulations have made some properties a very bad risk. Solution here in Commifornia: MORE of same sort of regulations imposed.
@bigrollinghome20916 ай бұрын
because crime in California is out of hand. Property theft and damage claims are through the roof. No one can afford to live in California, but the government can't admit it is the source of the problems.
@JamesSmith-gn9ou6 ай бұрын
Simple, these homes are in high risk areas, such as areas where fire is driven by the Santa Anna winds.
@harbor-80046 ай бұрын
Did I miss the part where anyone asks the question why these companies are not underwriting anymore in California?
@dm82966 ай бұрын
Too much risk according to them. Wildfires. Insurance companies don't actually wanna pay out for anything.
@SFPhilo6 ай бұрын
@@dm8296 According to THEM, they paid out in the last 5-8 years 125% more than what they took in the past 15-20 years.
@joselopez-he1mc6 ай бұрын
California insider channel covers the reason. They are at 60% of so and so.
@amihan996 ай бұрын
Not just california, I hear imsurance are also not insuring florida becuase of the hurricanes
@morganhunt60846 ай бұрын
It’s too hard to raise rates. It’s over regulated by the state.
@verginsergin6 ай бұрын
The insurance companies are tired of California’s stupid policies.
@shenmisheshou70025 ай бұрын
All 50 states have insurance regulation entities. The great anti-socialist state of Florida even has a socialist company (they call it an "agency") that puts a 1% fee on the bill of all homeowner's in the great anti-socialist state. This is there so that if there is a big storm and a company files bankruptcy, the The Florida Insurance Guaranty Association can still pay out the claim. The National Flood Insurance program operates across all 50 states. The nasty socialist program takes money from every home with a flood insurance policy, so that if a massive storm hits anti-socialist Texas of anti-socialist Florida, there is going to be enough money to pay the claims. Socialism is horrible... Until you need it to get a mortgage on your home.
@neilkurzman49075 ай бұрын
Yes, the insurance companies are also tired of Florida’s stupid policies.
@PatRiarchy-qw6cp5 ай бұрын
@neilkurzman4907 wrong. It's the hurricane issue in Florida not the government. Take the L in California, liberal.
@oldtimer53165 ай бұрын
Have you heard of Florida, imbecile?
@sivyisvaj80544 ай бұрын
Welcome to the Capital of Democrats aka California. 😁
@BobanVagene6 ай бұрын
Watchdog lady: “We need a law to force insurance companies to write policies in CA.” No wonder they want to GTFO of there! They’re nuts!
@Jr-qo4ls6 ай бұрын
Agreed.
@godsdozer6 ай бұрын
gobernment needs to control all things according this lady. haha
@uslsuspect6 ай бұрын
You and your boy, Harvey Rosenfield are profiting off this stupid, antiquated landscape. "Watchdgo" my ass.
@Mike1122.6 ай бұрын
I guess you live in a small town of 50 where your insurance company can insure your home for 200 a year? The insurance companies been getting billions from Californians for years, and soon as they have to start paying some of that money back on claims they want to leave. Without California, the rest of America is a dumpster fire!
@VinylTherapy6 ай бұрын
Yeah, what they fail to understand is these are businesses and if they don’t make a profit, they will cease to exist. They aren’t government entities, they don’t have to offer insurance in a state.
@jcreeker55815 ай бұрын
California is a beautiful state, but bad policies have made it nearly impossible to live there
@nickfuriously7753 ай бұрын
For most of the state it isn’t an issue. I live in the Central Valley, insurance is the least of my concerns. Air quality is atrocious, but that’s because profits for agribusinesses are more important than the air.
@jeraldb28686 ай бұрын
"This is a real crisis"......that you created.
@tonyburzio41076 ай бұрын
Didn't California say that Climate Change would cause fires and floods? So, State Farm listened.
@cvshav6 ай бұрын
Exactly, Ricardo is clueless, no business being insurance commissioner. Dumbbo wants to see the carriers financials? It's public
@twine34106 ай бұрын
And he's a crook deluxe.@@cvshav
@spades90486 ай бұрын
If the risk assessment is too high then just change the model! You can actually save money by not paying for actuaries since you’re just going to make up your own number anyway!
@DoudD6 ай бұрын
It may well be that Ricardo is clueless. But that doesn't explain why the very same thing is happening in other states. Unless, that is, the insurance commissioners of those states are equally clueless.
@raytewell70676 ай бұрын
Insurance companies are in the money making business not customer business.
@michaelwells73486 ай бұрын
Kinda like Heath Care.... thats why they can charge U $5.00 for a Bandaid & $3,000 for an Ambulance ride.....Guess U only think its Entertaining when its not U or Ur Family ~ But Guess What... U may have to go to the Hospital some day....
@DemPilafian6 ай бұрын
@@michaelwells7348 Healthcare is very different. You can reasonably shop around for insurance. If you get into a car accident, however, it's pretty hard to compare different ambulance services. Likewise, wow do you know if a surgeon is good? Yelp?
@georgewbushcenterforintell1476 ай бұрын
I had a accident all my medical was paid but many moons later a 2000$ bill for the ambulance ride came . I just laughed said I'm not paying it are you gonna come break my legs again? @@michaelwells7348
@ENCXBG16 ай бұрын
That's every company! Insurance companies aren't Charity organizations.
@ENCXBG16 ай бұрын
@@michaelwells7348You can thank the millions of undocumented people overwhelming hospitals. This free service raises the costs for everyone else that can pay. It works the same for Medicare reimbursement. When the government decides to lower reimbursement rates. Everyone one else's costs go up. This has worked up until recently when hospitals have just started going bankrupt because they can't deal with the overflow of non-paying patients.
@destinyreturns48856 ай бұрын
When you're appointed to a job that you know absolutely nothing about or have any prior experience this is what you get.
@SFPhilo6 ай бұрын
CA Insurance Commissioner is a statewide elected position.
@7c8f9x6 ай бұрын
ARE U TALKING ABOUT HUNTER BIDEN?
@philbob996 ай бұрын
Lara, a democrat, was elected with 57.9% of the vote in 2018, and again in 2022. Elections have consequences. He sure sounds like he's befuddled
@Dantana4246 ай бұрын
@@7c8f9xThe whole Biden administration
@paulbare63716 ай бұрын
correct box checked
@kek39086 ай бұрын
I appreciate that State Farm is willing to not over expose itself in California so as not to adversely effect the rest of us.
@WingWalker15 ай бұрын
Except that is exactly what they are doing.
@kek39085 ай бұрын
@@WingWalker1 Yeah I know and I appreciate it. I don't live in California and don't want to pay for their stupidity. Thank you State Farm.
@Golfzilla50005 ай бұрын
totally agree that i think that's what happens. HOWEVER, here in NC, the state supposedly sets the rates but you just KNOW the insurance companies are covering issues they're having in other states, which probably (i think behind closed doors) influences how much we pay here. There really needs to be insurance that is competitive at the national level. And if they don't want to cover a state, they can just be upfront about it.
@neilkurzman49075 ай бұрын
That’s not how insurance works.
@WingWalker15 ай бұрын
@@neilkurzman4907except that's is exactly what they are doing.
@janofb6 ай бұрын
"That's the California Way" Gov. Newsom
@hectoriraheta70176 ай бұрын
The American capilisim at its finest mot California just your American bs politics
@User-546316 ай бұрын
@@hectoriraheta7017nothing has lifted more people out of extreme poverty in the world then capitalism. Prove me wrong. American capitalism is what allowed the US navy protect global shipping lanes so all countries can import/export their goods to help people improve economy’s. With many county’s relying heavily on imports of food and energy. I could hijack cargo ships from Germany simple cause Germany and 95% of county’s literally lack any boats to protect them beyond 500 miles off their coast.
@hermeskino7116 ай бұрын
"That's also the Florida way" - Gov. DeSantis 🤡
@davidkirby94386 ай бұрын
you can always move!!!!!!!!!!
@mrright10686 ай бұрын
Newsomomics in full effect
@vincejamison80786 ай бұрын
That's the STUPIDEST THING I HAVE EVER HEARD. They'll quit insuring cars. Has anyone noticed how many cars are stolen or wrecked?
@CalvinMorris-cf8jk6 ай бұрын
80 in Oakland everyday yes that is 80 stolen cares every day that is only Oakland.and hundreds are broke into.they just strip them and leave them on the streets.
@carolaguilera69116 ай бұрын
This has nothing to do with9t
@GrandHuevotes6 ай бұрын
No one owes you anything. Insurance is a business not a charity.
@Paul-sk2pc6 ай бұрын
With how expensive and easy to total these new EV are, I wouldn’t be surprised if they stop renewing auto insurance.
@carolaguilera69116 ай бұрын
@@Paul-sk2pc you don’t make sense.
@jeeper3606 ай бұрын
"I'm from the government and I'm here to help"
@jerrycampbell54485 ай бұрын
REAGAN WARNED ABOUT THIS
@neilkurzman49075 ай бұрын
Right because private business is here to help you. I remember when you were chanting that when Boeing convinced the government to reduce FAA overside of its planes.
@jerrycampbell54485 ай бұрын
@@neilkurzman4907 what's an overside?
@THE_WOAT6 ай бұрын
Why do I get the feeling this is a DEI candidate, who won for reasons that will preclude him from being able to solve the devasting problems facing our state?
@destinyreturns48856 ай бұрын
Bingo: Ricardo Lara, the first openly LGBTQ+ statewide elected official in California, secured his reelection bid with the support of Equality California and other progressive groups. He has led efforts to protect consumers, LGBTQ+ rights, reproductive freedom and climate action as Insurance Commissioner.
@gnericnuser6 ай бұрын
This is what the public gets for voting for this clown s hit
@mikeca986 ай бұрын
Another failed booty bandit.
@weirdshibainu6 ай бұрын
He's never had a job in the private sector. He took money from the insurance lobby when he ran for commissioner in 2018. He's had 6 years in office and yet acts as though all this is a surprise.
@oceanair86 ай бұрын
Where’s he from originally?
@proc46846 ай бұрын
The problem is that these politicians don't know what they are doing.
@prs445 ай бұрын
thats putting it mildly.
@jsisbeingcensored2 ай бұрын
False! The citizens are delusional and voted for this craziness.
@littlesaigon7146 ай бұрын
30 years with no at fault accident. This year STATE FARM INCREASED MY PREMIUM BY 20 PLUS %
@bobroberts23716 ай бұрын
Do you understand how insurance works?
@bigbigdog6 ай бұрын
Farmer increase my insurance as well. I think it's every company out there.
@tonyburzio41076 ай бұрын
Didn't California say that Climate Change would cause fires and floods? So, State Farm listened.
@johnnywang2066 ай бұрын
Blame the Kia Bois for your rates going up. You might not drive a Kia but other people do.
@alexmendez36816 ай бұрын
Yes. They increased rates because of the crime and home burglaries. That was cause because of higher crime. Californians kept chanting to defund the police and force them to get the jab. We lost good cops and now there’s more crime and now insurers are saying there’s too much risk in CA. I used to sell insurance. Blame the CA voter.
@TerryComo20106 ай бұрын
If you force them to sell insurance they will just have very high fees.
@loligagger856 ай бұрын
no, what it causes is OTHER companies to jack up prices, then you complain about living wage,, wages go up and before you know it a taco is $100
@TruthFiction6 ай бұрын
No, they'll just pull out of the state completely.
@Dalik10005 ай бұрын
@@TruthFictionI bet most will leave and the rest will just raise the prices to insane levels that no one but the richest can afford. Government will be baffled as to why it's happening and blame capitalism and these rich companies for taking advantage. Some how democrats will be voted in again and the cycle continues.
@TruthFiction5 ай бұрын
@@Dalik1000 They're already having that happen. Several companies no longer accept new policies and the rates on existing ones are going higher and higher to cover the costs of claims from those holders. Democrats in the state government think they can legislate their way out of the problem, but forget they can't actually force a business to remain operating in their state.
@80sriceman6 ай бұрын
Commercial vehicle insurance has skyrocketed since 2022. My $486 a month payments jumped $1900+ a month, for one commercial vehicle. The rampant lawlessness in California has led insurance companies to flee and those who have stayed have significantly increased rates. All the car theft and break in, all those home robberies, all the retail business theft, etc., insurance companies are losing big time. The results, everyone who isn't a crook, suffers!
@passionnotparked90996 ай бұрын
We don't need new companies...We need a New Commisioner.
@alexmendez36816 ай бұрын
Wrong. We need California voters to stop being ignorant. CA voters were chanting defund the police and forced them to get the jab. That in turn made us lose good cops which in turn caused more crime which in turn made these insurance policies too expensive. We gotta start arresting more criminals and lower crime so these insurance companies stay.
@Ab-iz9uv6 ай бұрын
You mean new leadership in California
@genevi36806 ай бұрын
yet, the CEOs and the executive teams are making billions in BONUSES annually!
@TheNewCarryTrade6 ай бұрын
It's that line of thinking that got you here...What's a new commissioner going to do? Force them to provide services at a loss?
@papaagidi28386 ай бұрын
And you need new conservative legislators, not these woke people you have ruining your state
@Republican4ever6 ай бұрын
Insurance commissioner Ricardo Lara needs to step down.
@bsgvlog56406 ай бұрын
if i recall he was busy advocating to allow the insurance companies to raise rates. That's not a popular take but one that is necessary if people still want the insurance companies to remain in state. I'm not sure he's the problem here.
@stevelopez3726 ай бұрын
@@bsgvlog5640I’m not sure he isn’t the problem, him and the rest of his ilk running this state.
@Justicewarrior9086 ай бұрын
@@stevelopez372😂😂😂😂😂😂😂
@Legiticus6 ай бұрын
@@bsgvlog5640 Where does it end though? The cost of gas is ridiculous in California. Tax rates are ridiculous on everything when you have multiple entities taxing you. Rent is sky high. The average person is struggling to live. AT what point is it too much?
@Jeanne902756 ай бұрын
State Farm only wants clients like me who pay exorbitant rates for decades and never make a claim. Pure profit for them 🤬
@FlipMacz6 ай бұрын
So true and don't you dare make a legitimate claim such as a natural disaster of some sort. They will drop ya like a hot potato. Sickening. I wish for deregulation...states should make HI voluntary.
@JRTC886 ай бұрын
Its a requirment of your Mortage and car loan. Try owning with out it
@jb5music6 ай бұрын
I don't understand. All the premiums you paid already add up to the cost of replacing the house... ad up to the beneficiary amount you would ever receive. You could have just had it sitting there in some account by now.
@richardhead32116 ай бұрын
word state farm is there.
@xcen16 ай бұрын
Then don't buy home insurance. You're not forced to buy it unlike Auto correct? How about CA try to minimize natural disasters? Cut down some trees so wildfires don't burn down people's homes all the time. Funny you only hear of homes being burned down from wildfires in CA
@edwoo10056 ай бұрын
Homeowner insurance is optional in California. California does not require it, but you may still be required to have it when somebody else requires it like your mortgage company. Nobody will lend you money if you do not have insurance in case your house burns down and they are left on the hook for a pile of rubble. Once your mortgage is paid off or you don't have one, homeowners are free to not have any homeowner insurance. If there was no home insurance being offered, mortgages will be impossible to get or the rates will be so high to compensate them for the risk of loss. Our progressive democrat government in California needs to stop worrying about transgender bathroom issues and fix our insurance market.
@boostedmaniac6 ай бұрын
I believe it’s required if you have mortgage.
@edwoo10056 ай бұрын
@@boostedmaniac Yes, it is required if you have a mortgage, but if you don't have a mortgage, you don't need to have homeowner insurance. About 1/3 of all houses in California do not have mortgages (typically houses owned by the same elderly homeowner for many many years). The requirement is not by the state of California, but is required by your lender.
@diegoroswell3026 ай бұрын
Progressives, i.e. communists, don’t believe in private property ownership. They want to destroy the middle classes and any “American Dream” that remains in California. By keeping housing inventories low, prices high, risks high, now insurers leaving so choices are reduced and more expensive, THIS HAS BEEN THE DNC PLAN for decades. People are just too dumb to see it. Keep voting for the democrats you herd of morons
@boostedmaniac6 ай бұрын
@@edwoo1005agree but I would think it would be unwise to not have insurance in my opinion. I’m not going to risk it mortgage or not haha. Perhaps there are areas of CA that are super cheap and the condition of the house may not warrant it.
@richardf69326 ай бұрын
I guess their jingle needs to change to , ... State Farm is *NOT* there....
@richardhead32116 ай бұрын
LOL
@harrybear3106 ай бұрын
♫ LIKE A GOOD NEIGHBOR STATE FARM AIN'T THERE ♫
@kepckatherinec8056 ай бұрын
State Farm is there, alright-for its own profit interests. Customers’ welfare doesn’t matter. Loyalty to long time paying customers doesn’t matter.
@DTFdiesel6 ай бұрын
LIKE A GOOD HOMELESS NEIGHBOR
@litedawg6 ай бұрын
@@kepckatherinec805well when they ensure cars and property that gets destroyed by crime , why shoukd they pay for it?
@danielsoto11346 ай бұрын
Auto Insurance is so bad also
@carolaguilera69116 ай бұрын
@@EVS-w1mwhere you dictates your policy rates
@tonyburzio41076 ай бұрын
Open border to the chop shops.
@natureboy13136 ай бұрын
If your car is paid for. U r not required to have insurance. 1 way to save some $$
@marsouin0116 ай бұрын
California doesn't require homeowners insurance by law. If you truly believe that insurance companies (IC) are just here after your money, don't buy any! If you want or need insurance, California Insider just nailed this issue with their last video. Prices have to go up. Paradise CA lost 11,000 homes. Only 2115 have been rebuilt so far. More homes are still on the waiting list in Santa Rosa. Since 2019, costs increased by at least 30%. Today, cleanup/rebuilding can easily top $1 million, going up. With an average premium of $1500/year in CA, all IC can go bankrupt if a huge fire destroy any major city in the bay area.
@UnstoppableYaris6 ай бұрын
And this justifies a 100% rate increase? Because my insurance just did that. Go somewhere else you say? There is nowhere else!
@Bootyeater9996 ай бұрын
This just go to show you everything in this country shouldn’t be for profit. Capitalism right.😂
@konaken10356 ай бұрын
Socialism works until you run out of everybody's money. Who do you tax when there's no business. If no one "feels" like working and we all get social redistribution there would be no production, no incentive to innovate or get ahead. Regulated Capitalism, with the warts and bruises is superior to socialism.@@Bootyeater999
@arlen46 ай бұрын
Hey genius California may not require insurance but your mortgage lender definitly will don’t know anyone wil a pile of million cash to pay off their house to not buy insurance
@UnstoppableYaris6 ай бұрын
Even those who have paid off their properties, what about them? I had a $9K water pipe break, insurance paid me $5K and then 100% raised my rates 2 months later at renewal. They are filth, only after easy money.@@arlen4
@lumberjackzac6 ай бұрын
Sucks to suck. Politicians are the problem more laws ain't gonna fix it
@Numba1hunna836 ай бұрын
California overregulation caused this problem.
@Numba1hunna836 ай бұрын
@@EVS-w1m There is when you regulate it to the point where the insurance company leaves the state.
@smpiano66056 ай бұрын
@@Numba1hunna83 Or hear me out...the insurance company is just plain greedy and wants to ONLY extract money but not dish any of it out like it's supposed to. I know I know, it's almost as if insurance companies should be non-profit organizations but in reality they are.
@Numba1hunna836 ай бұрын
@@smpiano6605 Insurance companies are a business. They deserve a profit for their risk. Don't like it then don't buy insurance. Let me know how that goes for ya.
@catmomclark90536 ай бұрын
Is it any wonder why people are leaving in droves?
@papaagidi28386 ай бұрын
And they come to red states and still vote for same foolish Dems policies
@allenatkins22636 ай бұрын
I tried to buy a drove, but those things are in short supply!
@madbug19656 ай бұрын
State Farm's new slogan: Like a good neighbor State Farm disappears...
@user-zy4cq6vo3q6 ай бұрын
Would you want to be near Kalifornia?
@straighttru73766 ай бұрын
😂
@neilaxelrod58726 ай бұрын
I would from a state of nutbags like California.
@neilkurzman49075 ай бұрын
@@user-zy4cq6vo3q How’s that Florida insurance market doing.
@thebigmon6 ай бұрын
You can't force an business to lose money. That's not how it works. If the local government makes regulations that puts the insurance companies in the red then they will leave. They don't have to do business here which is what's happening now. Why people can't understand this is really mind boggling.
@V_MA6 ай бұрын
People in California don’t understand reality and they also lack common sense. Just look at the officials they elect on regular basis!
@E.P.16 ай бұрын
Boy, but they are quick to take your money for premiums and the government for taxes.
@tonyburzio41076 ай бұрын
Didn't California say that Climate Change would cause fires and floods? So, State Farm listened.
@TruthFiction6 ай бұрын
Neighbors tree fell on my property, State farm sent me a check the same day I sent them the photos. Said if that wasn't enough, just have the contractors send them the bill and it would all be covered. Seems they are there for me every time I file a claim because I know what my policy covers.
@neilkurzman49075 ай бұрын
So you expect the company to lose money? You don’t seem to understand how insurance works or taxes for that matter
@donaldkasper83466 ай бұрын
Woman is proposing getting rid of insurance in California. You live in chaparral hillsides or pine or oak forest, hey, you probably need to be self-insured, because only an idiot would write you a policy. Why? Average CA home price is not $250k any more. Seems to be around $450 to $600k. The cost of replacing homes is way up.
@weirdshibainu6 ай бұрын
Yeah...I'll say it out loud. It's pure hypocrisy by many of these people who brag about how their homes have tripled in price over a few years ( as though they actually had something to do about it) yet whine when everything else inflates. Getting very tired of people in million dollar plus homes talking about how rough it is.
@leok71936 ай бұрын
@@weirdshibainu bud, the home is only worth anything when you sell it. people living in a lot of these "million dollar" homes lived there since they were 100-200k, and are not rich. it's actually hard to own a home even with low mortgage like that because you still pay property taxes, insurance, income taxes, and a lot of maintenance is coming due. sounds like you have some personal issues with imaginary rich people, but don't know anything about the actual owners
@donaldkasper83466 ай бұрын
@@leok7193 Home triples in value means the replacement cost is triple. That means over triple the premium increase is needed.
@weirdshibainu6 ай бұрын
@@leok7193First....I'm not your bud. I understand what it costs to own a home...BECAUSE I OWN ONE...I don't have a personal issue with "imaginary rich people" What I stated was a fact.....many want to have their cake and eat it to. My costs have gone up, but my home equity has outpaced it. It's not that hard to figure out. Sounds like you're playing the victim
@leok71936 ай бұрын
@@donaldkasper8346 um no. value goes up because of the land and goes down with the age of structure. replacing a home on the same plot of land is much cheaper than selling or buying it. raw building materials and labor aren't that expensive
@ssaraccoii6 ай бұрын
Could it be that the state’s trying to force them out and have an insurance monopoly like the earthquake coverage (CEA)?
@tonyburzio41076 ай бұрын
CA doesn't have enough money, they are already in debt up to their eyeballs.
@BurbankGOP6 ай бұрын
Sadly, California government is pushing for Nationalization.
@hamradiotimes55866 ай бұрын
Wonder how much money he pocketed from insurance companies
@skeeterm21626 ай бұрын
🎯🎯🎯
@RomanticPopPunk6 ай бұрын
None. That’s why they are leaving, duh 🙄
@JustSayN2O6 ай бұрын
Not enough. Look at his absurd jacket.
@neilkurzman49075 ай бұрын
When you said that, did you realize it didn’t make any sense in the context of what’s happening here? The companies are leaving. Why would they give him money? they can leave for free
@ericdraven44456 ай бұрын
Like a bad neighbor, State Farm ain’t there
@bobroberts23716 ай бұрын
Then how about you being a good neighbor and open an insurance co? You would have an instant customer base.
@SiRSUPER86 ай бұрын
😂😂😂😂😂😂😂
@Ellis11276 ай бұрын
😂😂😂😂😂 👏👏👏👏👏
@ericdraven44456 ай бұрын
@@bobroberts2371 no thanks. I’m a bad neighbor
@bobroberts23716 ай бұрын
@@ericdraven4445 But you could make $$$$$ by charging a bit less. Why would you pass up $$$?
@mtn.homeforge3516 ай бұрын
Hope state farm pulls all the way out!
@jimwilson18896 ай бұрын
Insurance companies in California are leaving because of the high cost of fire insurance. I am an old man. I live in northern California. We didn't have bad forrest fires when I was a kid. Logging companies thinned the woods out with their logging of the forest. Environmentalists and the spotted owl stopped much of the logging. The result is that the forests are densely packed, waiting for lightning or humans to cause massive blazes.
@xfiles47926 ай бұрын
Why should insurance companies stay in CA when record numbers of people are leaving?
@And-the-new6 ай бұрын
Get rid of the requirement!
@mrmike79656 ай бұрын
Can't get insurance where I live on the Big Island Hawaii due to volcano and lava zone hazard
@carolaguilera69116 ай бұрын
That’s about right
@patreilly68266 ай бұрын
I seem to remember when there was a branch volcanic eruption with a lava flow in your area a number of homes were destroyed by that lava flow. Insurance companies do not like to insure in an area where there is a very high chance of a repeat performance.
@Epic.Slots126 ай бұрын
It’s a corrupt insurance oversight system. 🤔
@PedoPeter666466 ай бұрын
Smart Business... No one in the right mind would ensure someone from California .. democrats turned California into a third world country
@PedoPeter666466 ай бұрын
No ..Democrats are corrupt
@tonyburzio41076 ай бұрын
So the commission agrees you need to pay more, and you get mad at the commission?
@mariayoung88606 ай бұрын
State Farm decided that they didn’t want to write Home Owners Insurance in Florida. Our Insurance Commissioner told them that they couldn’t write car insurance then. State Farm then continued to write Home Insurance, but jacked their rates up to where it was unaffordable for most.
@tonyburzio41076 ай бұрын
Meanwhile dozens of small Florida companies are now operating where there were none.
@bottomfeeder13076 ай бұрын
Last year my friend crashed my car into another car.. Shortly afterwards, my insurance company asked me if I was willing to allow the insurance company to disclose the limits of my coverages to the lawyer, because the lawyer was asking for it. That in and of itself gives lawyers a free pass to see the maximum they can litigate for, which is non-sense. If this is the case, then I'll just keep my limits at the bare minimum, and not pay the higher premium.
@smj91116 ай бұрын
Problem, reaction, solution. Government creates problems to generate more money for themselves.
@neilkurzman49075 ай бұрын
You make them sound like they were a business.
@greyroom67306 ай бұрын
What exactly does this commissioner do? Something isn't adding up here....
@NurseryEnterprises6 ай бұрын
It makes me respect State Farm even more. Everyone who continues with California has a screw loose.
@constitutionallyconscious1656 ай бұрын
What they need to do is make it easier to open an insurance business in California and cut red tape so it can beopened up to the free market like before they over regulated it.
@ralphgreenjr.24666 ай бұрын
I was eligible for USAA insurance upon my commissioning as an officer in the US Army in 1970. I have been with them for 54 years. I have all my insurance with them. They are a good company to have insurance with. They have covered me all over the world and now, my farm in southern Ohio.
@adolfmcduck12656 ай бұрын
More laws, what could possibly go wrong? 🤔
@neilkurzman49075 ай бұрын
When you repeat these slogans without thinking, does it ever occur to you? They don’t actually apply. The problem here is the way rating increases are calculated in California. So yes, the only way to fix it would be to change the law.
@adolfmcduck12655 ай бұрын
@@neilkurzman4907 Yeah, because California has a great track record when it comes to passing laws. Not!
@davidpulido29426 ай бұрын
California Politicians, the gift that keeps giving. I live in California.
@bidensucks67926 ай бұрын
Can't blame them!
@hughblank65426 ай бұрын
It's mandatory to have insurance in CA. But its been a hassle to get a renewal. You have to basically find just anyone at this point that would insure you.
@shenmisheshou70025 ай бұрын
You mean car insurance, yes? Totally different from homeowner insurance.
@daintyminnie92706 ай бұрын
Like a good neighbor, State Farm is there
@charlieparker59775 ай бұрын
Can't possibly imagine why a company would want to leave California. I mean crime is up, unemployment is up, minimum wage is up, inflation is up, homelessness is up, property damage is up, cost of living is up, the cost of electricity is up, the cost of gas/fuel is up, etc. etc. etc.
@gameboy46962 ай бұрын
Yes and you have some good points in your comment but you're missing out on bad policy and it's the sole reason why insurance companies are pulling out.
@eldebtor69736 ай бұрын
👏thank you for not using accents for hispanic names during an english language broadcast. we're making progress.
@neilkurzman49075 ай бұрын
That can be annoying. Especially when they do it randomly for only certain names.
@grooveman2226 ай бұрын
Even car insurance companies are moving out of CA.
@DI2CCO6 ай бұрын
Lower the requirements. Banks Banks Banks. Insurance don’t want to cover million dollar homes that are really worth 250k
@leok71936 ай бұрын
make that make sense. a million dollar house worth 250
@stevenperry55926 ай бұрын
How can a house be worth 250k but be valued at 1 million?
@DI2CCO6 ай бұрын
Figure of speech” Trash for a million how else. Just because the market says it’s worth more.
@stevenperry55926 ай бұрын
@@DI2CCO the market reflects what people are willing to pay😂 Jesus dude, are you high
@leok71936 ай бұрын
@@DI2CCO I guess you don't know the #1 rule of real estate: LOCATION LOCATION LOCATION. 🤦♂
@Robshamsterteam6 ай бұрын
I don’t see why they just can’t do a state insurance fund. They can only be used to rebuild homes and compensate for car damage and basically make it nonprofit make it affordable so like he said, once you get more people on it becomes cheaper.
@gregcox61656 ай бұрын
People submit claims for robbery, theft and vandalism, THOSE HAVE SKYROCKETED! Answer: penalize the criminals, not the homeowners.
@FM-fo4xj6 ай бұрын
Not sure why state of California is surprised? My car insurance was doable. Have payed year after year and instead of getting a loyalty discount or a safe driver discount, it keeps going up over 75 dollars every 6 months.
@DTFdiesel6 ай бұрын
DO YOUR HOMELESS PEOPLE HAVE INSURANCE?
@josephgriffin23885 ай бұрын
No....BUT THE HOMELESS HAVE A TON OF DRUGS!! ....undeserving.
@hectorp866 ай бұрын
Dont buy a home in risky environments 😅
@carolaguilera69116 ай бұрын
Bingo
@johnharris66556 ай бұрын
Insurance is a business. The idea is to take in more in premiums than you pay out. That is not happening in California
@gameboy46962 ай бұрын
To maintain the claim pool.
@TRAVIESO_NA6 ай бұрын
Great I have State Farm been with them for 10 years
@konaken10356 ай бұрын
In the 1920s two german immigrant bros moved to Illinois and worked for other ppl. saved 1/2 thier money. bought their own land. before you knew it GJ Mecherle was the go to guy to borrow money from. Being a farmer in Bloomington Illiois he was tired of paying high auto insurance . City ppl had more acciddents yaddy yadda. So he thought, I will start my own insurance company and sell to only safe farmers. The first "agent" was Charles Wonderlin and soon everybody was insured by State Farm Insurance. So you and I can start our own Insurance company and sell it to ppl in low risk areas. High risk areas will cost more. Unless you think the good guys should pay for the high risk guys. Add in the crime costing billions and... ... Thats what happened . Too much risk. When I left this big insurance co, for every dollar they collected they paid out $1.20 in claims. Kept afloat by investing the other billion the co brings in. Keep them from making money on auto, fire or health, or a bank, then why should they stay here. They are regulated and pay back policyholders if they make too much, beacause it's mandated. big middle finger to the bad management of the once great state.
@84zezar6 ай бұрын
My home insurance went up 110%.. 😶 in los Angeles
@freddiecarr76026 ай бұрын
No tickets for not stopping on right at red light or stop sign-or now if you are at an intersection and no cross traffic--people just drive across the red light! every day in san Bernardino! This leads to more accidents---which means more people running away after impact ( last week my wife got hit and her dash cam shows the other person ran away) so we went after the owner of the vehicle!
@TheMandellaEffectbruh6 ай бұрын
You can thank Glendale
@georgeruiz88706 ай бұрын
Life long Glendalian here.. You’re not lying! A certain demographic who’s notorious for fraud is responsible!!!
@flyslinger26 ай бұрын
I USED to do business in CA. Did you get the tense? Their policies and laws are NOT business friendly. Sorry but the voters are getting EXACTLY what they approved at the ballot box.
@sab352636 ай бұрын
my home insurance went up from $2400 a year to $9300. They are a crocked operation
@bobroberts23716 ай бұрын
Then start an insurance co. Or even better, self insure your house.
@justinesagan1786 ай бұрын
@@bobroberts2371unrealistic idea
@haff92276 ай бұрын
CA is screwing the insurance market, no wonder they are leaving the state
@shenmisheshou70025 ай бұрын
California isn't the only one. Florida is in an insurance crisis because companies are pulling out. DeSantis told the big companies that if they did not offer home insurance, he would not let them sell car insurance ( you know, The GOP wants less regulation, but that is only something they say). Florida had to create its own socialist company called The Florida Insurance Guaranty Association. The FIGA puts a 1% fee on any home insurance sold anywhere in the state and puts this into a pool. This money would be used in the event of some giant natural disaster bankrupting some insurance companies. The socialist IFGA would use the money it takes from homeowners everywhere in the state to then pay the claims left on the table by the failed insurance company. The Federal government has its own socialist insurance program called the National Flood Insurance Program. A long time ago, insurance companies stopped writing insurance in coastal areas prone to hurricane flooding. The government had do do something or millions of homes would not be insurable. The horrible US socialist government worked out a deal with the insurance companies to disconnect flood insurance from the rest of the insurance, like fire or wind damage so this greatly reduced their risk. Now, the coastal citizens of the great anti-socialist states like Texas, Louisiana, and Florida (where the vast majority of flood insurance is sold can get flood insurance. Because everyone in the US that needs flood insurance pays into the NFIP, if there is a huge flooding event in Florida, the money collected from all of the rest of the country can be used to pay the claims in good old anti-socialist Florida. Socialism is evil... Until you need it... Then, suddenly, it doesn't look all that bad. No profits made by either FIGA or NFIP. All money collected is used to pay claims when needed.
@SeniorMoostacho6 ай бұрын
So, ALL the YEARS Californian's Paid into that system, and Because they are Over exposed and had to pay out some... they just get to cancel? They deserve a refund or something. BS.
@dennissimo75466 ай бұрын
State Farm is not cancelling policies, they will not renew at the end of the policy period, there is a difference .
@SeniorMoostacho6 ай бұрын
@@dennissimo7546 lol oh really. We are Not renewing your policy, so it's cancelled . 😶🤔 Your an odd one.
@GameOver223586 ай бұрын
They know the Big One is super close
@JohnSmith-js3po6 ай бұрын
That is what my gut is telling me they know something they are not telling us but I know people in USGA at cal state and they have been telling us this for years but maybe the insurance company’s hired a remote viewer to see the near future and they want out but know that they just can’t leave altogether 😮
@joecapriotti63666 ай бұрын
Lara is absolutely unqualified to be an insurance commissioner. He has never been in the industry or any connected industry.
@nealxl62566 ай бұрын
What’s his qualifications and experience with insurance?
@tikimaka16 ай бұрын
Nothing. Just be a gay Latino or Black.
@7c8f9x6 ай бұрын
ABOUT THE SAME AS EVERYONE IN THE BIDEN ADMIN. NOT MUCH.
@oceanair86 ай бұрын
Great question.
@midstar19956 ай бұрын
Why cus he’s brown
@dwhaynegross77975 ай бұрын
The only qualification he needs in CA, he's a Democrat!
@knuckledragger24125 ай бұрын
Losing S Farm is not a loss. As far as California legislation screwing more things up, is anyone really surprised???
@kcs19816 ай бұрын
Insurance companies: "give me your money and byeeeee"
@stevenperry55926 ай бұрын
That’s not what happened but ok
@octaviolopezsr.47006 ай бұрын
They want their cake (and ours) and eat it too. If they leave, leave, but don’t allow them to write any other type of insurance in California.
@BurbankGOP6 ай бұрын
Watch out what you wish for because they may do that. California has become a war zone.
@mmytacist6 ай бұрын
"We'll connect you with coverage that costs 2 to 3 times what you used to pay."
@thirdmonkey6 ай бұрын
😂 You live on a fault line what do you expect? 😂
@7c8f9x6 ай бұрын
I HAVE LIVED HERE SINCE 1946, 3 HOMES, LIVERMORE, SAN RAMON AND NOW BREA, I HAVEN'T HAD MORE THAN A TOTAL OF AROUND 100 DOLLARS DAMAGE FROM AN EARTHQUAKE, AND NO FIRES IN THIS AREA, SO WE SHOULD PAY MORE?
@billblazo6 ай бұрын
Home insurance doesn't cover earthquakes genius.
@sehawk125 ай бұрын
I moved out of California and my insurance cost were cut almost in half
@FlipMacz6 ай бұрын
I would imagine the TexOk panhandle is next with it being tornado alley....
@tonyburzio41076 ай бұрын
Actually a good thing to look at, a tornado destroys a couple dozen houses, a CA statewide fire or flood event destroys or damages tens of thousands. So, tornadoes create a smaller risk.
@e.b.45066 ай бұрын
Each year it seems that there are fewer insurance companies per state. They are consolidating and then dropping coverage. Who is going to step in and take over? The government will. Then what will happen? Based on how things run with government involved, I can guess it will be really bad.
@Liberalcali6 ай бұрын
How are people able to buy a house you need it to secure escrow
@danfreeman90796 ай бұрын
Stuck, can't sell, can't buy.
@brunofalcon46456 ай бұрын
easy, you just get an insurance company that doesn't spend all the monthly money you give them trying to compete with GEICO for how many useless commercials they can make, I found a no name small insurance company thats been around 70 years and ive been very happy……NEWSFLASH if the company airs commercials every 30 minutes YOU are paying for it
@Liberalcali6 ай бұрын
@@brunofalcon4645 I see
@JohnSmith-js3po6 ай бұрын
If you live on a slope, be ready to pay more, I was just notified, that now I live in a fire zone, Farmer’s dropping me after 35 years with them found a work around cost me an extra 2K and I still have to buy structure insurance from farmers which doesn’t make sense one is for fire the other for everything else but not earthquakes go figure 😮
@FkBdn6 ай бұрын
He looks like a food truck worker
@KralTube26 ай бұрын
He's not qualified for that.
@rondean27336 ай бұрын
Typical corrupt Democrat, never let a crisis go to waste! "We are the government and we are here to help!"
@Baebon62596 ай бұрын
help liberating $ from your wallet 1 dollar at a time.
@mattb54646 ай бұрын
Florida is R country, and insurance has bailed on them to. So is it a corrupt D, R, or greedy corporation that could insure everyone if it held long term financing rather than short term profits.
@bihsaidwhatnow23923 ай бұрын
Monday, got a non-renewal letter from CSAA-Northern California (AAA) after 18 years/ 1 claim ($2,500.00 fence repair) that was due to the Crazy Hail/Rain Storm in 2023. Wednesday, called around and was told CSAA has flagged my home as "California Decline" and that NO Insurance policy can be made available, not even from a Third Party Insurer OR a Non Admitted Carrier. My only option is to add up the cost to rebuild if something were to happen to my home, create a sinking fund bank account, and commit to stacking money away "just in case."
@Maybe1Someday6 ай бұрын
Insurance is a scam but state farm takes it to another level. Never had a worse experience then working with state farm
@janszy97356 ай бұрын
Go for competition
@wonkcausa70346 ай бұрын
No competition left, all the insurance companies leaving. Ask yourself, why are they leaving? Who is causing it?@@janszy9735
@dylantodd95746 ай бұрын
LOL. This also completely ignores what California allows people to collect in lawsuits on insurance claims that is astronomical. We are about to have a similar issue here in Vegas with auto policies.
@youngj76 ай бұрын
Good!! Better yet, State Farm should completely leave the state of CA all together.. All insurance companies should that way we go back to the old way of insurance being OPTIONAL and not a requirement anymore.. It’s time we ALL took accountability for our mistakes.. you crash, you pay.. you caused a fire to your house, you pay.. I’m sick and tired of the excuse of my premium increase being because of “increased claims and costs”… I’m not interested in paying for others mistakes/fraud..
@lkd066 ай бұрын
Your mortgage co requires the insurance. If you own the house free and clear, then no problem
@Stevefor17766 ай бұрын
Hey, Shallow Thinker, the people on Paradise didn't cause the wildfire that burned their town down. If you point out that PG&E was to blame, think about all the homes destroyed by wildfires started by lightning strikes.
@youngj76 ай бұрын
@@Stevefor1776 Hey, undeveloped female dog, in those situations you would do what you call “sue” PG&E… If everyone sues that’s called a “class action”… Want me to spell class action for you too?..
@jackstrawfromwitchita59786 ай бұрын
Lara has sat on his thumbs and watched this whole thing unfold…If you wont sell home owners insurance at a reasonable price, then you shouldnt be able to sell any insurance in that state...
@markmiller44396 ай бұрын
What if SF just decided to vacate CA altogether and stop writing policies in that cluster state ? Kinda like a bunch of other companies leaving CA.
@Norbeez6 ай бұрын
That state should make county’s create its own insurance department and charge based on its demographics in their county
@SFPhilo6 ай бұрын
It's called the California FAIR Plan and it's usually 3-4x higher with less coverage.
@Norbeez6 ай бұрын
@@SFPhilo seems like they need to update it to fit each county separately
@7c8f9x6 ай бұрын
THEN CA. WOULDN'T HAVE TO PAY FOR THE MANY YEARS OF TORNADO DAMAGE? IN THE BILLIONS
@Mrod166 ай бұрын
No no no. The state will tax your more to pay for the program.
@haff92276 ай бұрын
You clearly don’t understand insurance
@sferg95826 ай бұрын
Same thing regarding the EV's and the insurance on those POS's. If the insurance is seeing a trend toward more claims and more EXPENSIVE claims, then they either adjust their rates or they can refuse to insure these types of risks. It's a no-brainer, but they must never allow the government to interfere.
@gameboy46962 ай бұрын
Okay let's say you just bought a brand new Tesla so you insure with State Farm to replace your Toyota that you pay probably $150 per month for full coverage 100/300/50 with $1000 med, comp $500 coll $500 towing unlimited and rent reimbursement $120. Now with the same coverage from a car worth $13k you replace it with a car worth $70k. Your premiums go up to $500 per month! Why don't you just get Tesla insurance? I pay $130 for the same coverage above
@Giants46415 ай бұрын
Im sure he was hired under DEI. Sounds like he was qualified. This is what happens when your state falls apart..
@brunofalcon46456 ай бұрын
RULE #1 in buying insurance, if your insurance company buys millions and millions of dollars in tv ad’s during sporting events on TV …..realize YOU ARE PAYING FOR THOSE COMMERCIALS
@jamesdyer22345 ай бұрын
People Like Carmen Balber will drive all Insurance business out of Ca. Why do any business that is losing money over and over. Ca. Stop with all the regulations and business killing Laws. It is time to Stop!!!!
@benerval75 ай бұрын
I hope this encourages other insurance companies to leave that lousy state.
@Kish-wm8tu6 ай бұрын
And that’s the problem. There are no laws for them. But we have law forcing us to utilize them
@UncleDavesKitchen6 ай бұрын
MAYBE....STOP building on hill sides that slide down, in the woods that catch on fire, close to the ocean with all the storms pouring in, on earthquake faults. All of this was intentional. It's not the insurance companies responsibility to cover houses built in risky areas because you thought it was cute.