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#allstate

0 posts0 participants0 posts today
Public
C. Lambeth

Despite their stupid gecko nonsense, #Geico #insurance recently reported a huge jump in quarterly profit on higher premiums.

When asked, insurers *say* it's because of too many claims, but this is not reflected in their earnings reports nor balance sheets. Since 2021, most are even reporting LOWER customer claims. The other big auto insurers, like #Allstate, #AmericanFamily, #StateFarm and #Progressive, have been pulling the same nonsense while making record profits.

#Greed#Capitalism
Public
C. Lambeth

Have your auto insurance rates gone up significantly over the last year or so?

Here's why: Shares of stock from insurance companies like #Travelers, #Progressive and #Allstate hit RECORD HIGHS after the companies announced yet another round of premium increases that they expect to cover BILLIONS of dollars *more* than the annual claims they expect to pay.
💸💸💸

This price-gouging brought to you by: #Capitalism & #Greed 🤨

#InsuranceCompanies are NOT your friends.

Public
(((Cindy Weinstein)))

washingtonpost.com/business/2024/01/01/millennials-keep-living-at-home/ (gifted)

Even if #millenials can afford to buy a house, the fact that the big #insurance companies -- at least in #California -- aren't writing homeowner policies make such an investment really risky. I wish this #WashingtonPost article had mentioned these 2 things: 1) the fact that #StateFarm, #AllState, #Farmers, and #USAA are "putting a pause on these policies" (words used by agent) because of 2) #ClimateChange.

Public
(((Cindy Weinstein)))

washingtonpost.com/business/20

Even if #millenials can afford to buy a house, the fact that the big #insurance companies -- at least in #California -- aren't writing homeowner policies make such an investment really risky. I wish this article had mentioned these 2 things: 1) the fact that #StateFarm, #AllState, #Farmers, and #USAA are "putting a pause on these policies" (words used by agent) because of 2) #ClimateChange.

The Washington Post · Millennials have found a way to buy houses: Living with mom and dadBy Julian Mark
Replied in thread
Public
CelloMom On Cars

"At least five large #US property insurers — including #Allstate, #AmericanFamily, #Nationwide, #ErieInsurance Group and #BerkshireHathaway — have told regulators that #ExtremeWeather patterns caused by #ClimateChange have led them to stop writing coverages in some regions, exclude protections from various weather events and raise monthly #premiums and #deductibles."

washingtonpost.com/business/20

The Washington Post · Home insurers cut natural disasters from policies as climate risks growBy Jacob Bogage
Public
Andrew Leahey

Thurs 8/17 - Threat Against Trump DC Judge, Allstate $90m Settlement, Youtube/Reddit Sued for Radicalizing, T-Mobile Sued for Bad Security and a Trial Date for Trump in Georgia

We have a threat against a DC judge, #Allstate $90m settlement with shareholders, #YouTube and #Reddit sued for radicalizing, #T-Mobile sued for having bad security, and a trial date for #Trump GA.

#lawfedi @law

minimumcomp.com/p/thurs-817-th

Minimum Competence - Daily Legal News PodcastThurs 8/17 - Threat Against Trump DC Judge, Allstate $90m Settlement, Youtube/Reddit Sued for Radicalizing, T-Mobile Sued for Bad Security and a Trial Date for Trump in GeorgiaBy Andrew Leahey 🦣
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