Beginning in late 2022, three of California's largest insurers either completely paused or greatly limited new home insurance applications, destabilizing the insurance market.
Allstate and State Farm are not currently accepting new applications for California home insurance, while Farmers has scaled back the number of policies it plans to write.
In July and August, smaller insurers AMGuard and Falls Lake filed withdrawals with the California Department of Insurance, indicating that they will drop policies at their renewal dates. Safeco also announced it would nonrenew some California policies but for policyholders in San Francisco and the Bay Area.
Insurers have pointed to current California insurance laws, increased wildfires and costly reinsurance premiums as their main reasons for the new coverage limitations.
I can see concern for wildfires but there can’t be much left to burn at this point. /s
It’s not limited to Californication. Midwest States insurance Carriers are having trouble too. 1 just went into liquidation that served Ks, Mo, Ia , ok and Ne. More have stopped writing homeowners insurance or non-renewing policies. Tough times ahead.
I'm a bit slow, but I just realized that IHOP is known for their blue roof. The whole DEW thing is comms and this is probably the symbolism behind the blue nonsense. Thanks for continuing to push it so us beginners can at least try to keep up.
Does anyone want to discuss IHOP symbolism? All I got is they emphasize the EYE in the pronunciation and underline OP in the logo. So maybe it's saying they want all eyes on the op. Probably because it's clown sauce. They do seem to have a whole lotta shootings at IHOPs around the country.
From the article:
Key takeways
Beginning in late 2022, three of California's largest insurers either completely paused or greatly limited new home insurance applications, destabilizing the insurance market.
Allstate and State Farm are not currently accepting new applications for California home insurance, while Farmers has scaled back the number of policies it plans to write.
In July and August, smaller insurers AMGuard and Falls Lake filed withdrawals with the California Department of Insurance, indicating that they will drop policies at their renewal dates. Safeco also announced it would nonrenew some California policies but for policyholders in San Francisco and the Bay Area.
Insurers have pointed to current California insurance laws, increased wildfires and costly reinsurance premiums as their main reasons for the new coverage limitations.
I can see concern for wildfires but there can’t be much left to burn at this point. /s
It’s not limited to Californication. Midwest States insurance Carriers are having trouble too. 1 just went into liquidation that served Ks, Mo, Ia , ok and Ne. More have stopped writing homeowners insurance or non-renewing policies. Tough times ahead.
Looking at Lahaina, I guess it might be worthwhile to invest in a blue roof.
No kidding
I'm a bit slow, but I just realized that IHOP is known for their blue roof. The whole DEW thing is comms and this is probably the symbolism behind the blue nonsense. Thanks for continuing to push it so us beginners can at least try to keep up.
Does anyone want to discuss IHOP symbolism? All I got is they emphasize the EYE in the pronunciation and underline OP in the logo. So maybe it's saying they want all eyes on the op. Probably because it's clown sauce. They do seem to have a whole lotta shootings at IHOPs around the country.
Anybody else have thoughts?