Always something

[CT_Shooter]

A neighbor a couple of doors up the road called Saturday and asked us if our insurance had gone up. Hers had doubled and she was upset.
So far we haven't heard from our insurance company but I wouldn't be surprised.
I think what they're trying to do is stay solvent after losing billions in the NC and California disasters. I wouldn't be surprised if some of them
are facing bankruptcy.

State Farm, the largest homeowners’ insurance company in California, asked state insurance regulators on Monday to urgently approve a 22 percent average rate increase, a worrying sign for an already fragile insurance market in a disaster-prone state.

State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers...

“Insurance will cost more for customers in California going forward because the risk is greater in California,” the company said in a statement on Monday. “We must appropriately match price to risk. That is foundational to how insurance works.”

State Farm has steadily tried to reduce its financial exposure in California as disasters have become more costly and frequent in the state. Last year, State Farm announced that it would not renew 30,000 homeowners’ policies. The previous year, the company announced that it would not write any new policies in California.

https://www.nytimes.com/2025/02/03/us/s ... =url-share

[Hatchdog]

Heard on the news this morning that the folks in California can expect increases of 22% on insurance. Ouch!