California homeowners will no longer be able to apply for business or personal property insurance policies with State Farm, as insurance companies have been leaving disaster-vulnerable states. Steve Patterson has more.
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#StateFarm #Insurance #California
Insurance has always been a scam. A great idea that doesn’t work when greedy humans are in charge.
like any business, if the cost is too high, you dont do business there. they are not some non-profit working off donations.
People act like statefarm isn’t a business and that it’s a public service. The only thing they owe to anyone is what they write into contracts with their clients…
State Farm isn’t the only one, AAA is cancelling policies outright.
Insurance companies are all about profit. Really not surprised by this move.
Ya it don’t matter that you made trillions over the years righttttttttttttttttg
*they can’t make up their own rate to overprice you so they gave up.* 🤣
Your better off putting that money away for your own disaster relief
NBC has a lot of nerve allowing comments on a story after altering the audio of Trump’s court deposition video a couple of weeks ago in two broadcasts. I for one quit watching your fake news.
About to go down in the Ring of fire.
Lol. You know, I don’t see anything like this happening in other states.
They are doing this is for free advertising, obviously all they have to do is just increase the rates for the area and voila they’re making money again.
Made my money, I’m out.
Good!! Stop building in disaster prone areas and you won’t have to worry about not being insured.
It don’t matter where you move, Allah is destroying America for Her evils around the planet and specifically for Her treatment of the Blaxk slaves. All the communities we see on this video are affluent and White
Insurance is another word for Racketeering…
Insurance is a Ponzi
The truth is this has to do with Crime being legal
Crime been legal……….for white folks
No it is not climate, it is just pg&e. How quickly the main news story changed.
FLORIDA is NEXT!
what good neighbors!!!
You should probably grow more almonds.
SHORT SIGHTED!! Ins companies prepping for global catastrophe from climate and the result of US war mongering! Israel/N is simply awaiting Russia to release nukes the Iran and Gaza WILL be hit with tactical nukes. NoKo will strike Japan, Guam and as many other US bases as possible. While WW3 rages, China’s Xi will sit back, unscathed, smiling at the idiocy of war mongering US propagation of war efforts and CHUMP /REPUGNICAN already mass hysteria and stupidity.
I mean it makes sense. How can they promise to cover your house in the event of an emergency when they’re too busy paying out half of the state due to an emergency?
Between wildfires, wild riot fires, snowstorms, flooding, gang ridden crime, homeless related crime, why would you insure property there?
Insurance is a scam. If you like the good times you make money hand over fist, then you must take on the bad times when there are claims. Off loading it as an act of god (if you believe in that) is BS. It’s also an act of god when there are no disasters too.
State Farm lost my respect, money grubbing piece of poops. Don’t pander out that you care about people anymore with your commercials.
Sounds like the church are gonna burn houses down for the government
That’s what’s Florida has gone through
You can blame this on California government. I do not blame State Farm for doing this. I would too.
Why would your rebuild when you are prone to fires or flooding in that area. Thank makes no sense.
Ok cool. Next move, let’s push to remove insurance from being mandatory in the state of California. Simple.
Insurance agents are scammers
Historic and prudent.
This is why insurance against nature makes no sense. Insuranse for assets should be handled a different way because clearly capitalism isnt the way.
insurance being required and charged at outrageous prices is the most jewish usury banking thing ever. I wonder which globalist in charge of that mega bank gave the go ahead to stop servicing White people across America and instead demonize them through ESG, forced DEI, prolific ‘dont notice jewish exploitation only White colonization from 200 years ago’ law.
The best insurance is praying to God in Jesus’s name for protection.
Like a good neighbour StateFarm Dissapear. Lol
Ponzi Scheme…
Insurance is practically legal robbery.
Insurance companies are a business. They need to make money to survive 😆
And people rebuilding in fire zones, flooding zones, tornado zones is a problem.. how do you think? Is fire/flooding/tornado not going to mess things up for that person again in the next 5 years? I don’t think so..
So yeah, very smart to rebuild in the same place.. And since insurers are forced to keep to premium for geniuses like that low – surprise, surprise.. they leave
People are such idiots! Rebuilding wood homes till next fire hit. If you build a brick house it will be fire and earthquake resistance it’s that simple.
If ANYTHING is a red flag that tells you to move. It should be insurance refusing to cover your property.
Insurance company refusing to do their job when it isn’t profitable. Like, you’re literally in the business of dealing with problems for a fee. It isn’t the public’s fault you aren’t making a profit off our disasters.
That’s called capitalism
Like a bad neighbor state farms not there
So this means they should no longer want premium payments right?
Translation: We are greedy and need to profit off of disasters.
Like a good neighbor….leave California 👍
Another reason to nationalize housing!
America is a scam.
That stair rail behind my guy is way out of plumb
state farm said fack california so….
I’m sure State Farm’s CEO isn’t feeling any pinch from this. That’s all you need to know. NBC proving once again that they are corporate media protecting corporate interests.
Finally. Disasters zones are fked. Ppl move or get other insurance.
Scammers
Shows how corrupt they are. People need to fight for their own savings to cover their own losses. Then the insurance companies will learn who is in charge when no one buys their policies. But people will continue to slave for them and complain when they do things like this.
They should change their commercial advertising and say “they can’t be there like we used to”
So what does jake think about this?
Go broke cali
All insurance companies are a big scam.
Time to outlaw insurance? The biggest scam of the century.
Who else got a state farm ad when You clicked on this video 😅
this is what happen when people from a political party I don’t agree with run the government. If people from a political party I did agree with ran the state government we would totally be in a super duper epic utopia. Though FR I think god just wants us out of California
Guess all the climate change deniers gonna love paying the price with their pockets
Time to switch insurance companies and them State Farm will be no more.
That’s so wrong. That should be illegal. They say “make sure you have rental insurance” but then deny ppl who need it the most, is beyond sad.
State farm takes your money they will never give it back to you… Even if something serious happens…..
Let me js say this
Insurances dont like paying out
So stop buying houses in fire and flood prone areas.
Whatever. Just greedy people being greedy. “Artificially low” Come on lady. Insurance has been artificially high for years and only getting worse.
surprise surprise. Insurance is the biggest scam on the planet.
Because God hates California 👍
I dont blame them. Those people will watch their houses burn, then rebuild them every year, then vote for state leaders who refuse to maintain the forests in ways that would prevent most of the fires. Stupid people play stupid games and win stupid prizes. I might buy State Farm stock. I bet they go up without that liability otherwise known as California erasing the profits they make everywhere else.
that’s why you trust a talking Geico 🙂
Insurance is one of the biggest scams out there.
Shameless StateFarm.
F statefarm
Title should include Texas, Louisiana, and Florida since they were ditched as well.
We need to wake up more building less tress less tress less air less air bad chemicals we will inhale until we die slowly the world is burning up and we ain’t doing nothing about it
i like how thats litterally the point of insurance
A company can’t do that you can’t offer service to everyone but a specific group thats bull crap picket line the head quarters file charges do what you need to do to make these companies responsible
States require insurance companies to set aside a percentage of their premium revenue as a reserve against future claims. Not profit, but revenue. So if you make $100, pay out $98, and the reserve is $5, you either need to find the cash or take out a loan to put the money in the reserve. Enough years of that and the insurance company will simply fold. And for people crying about “the corporations”, State Farm is a mutual insurance fund. Meaning the only people that own it are the policyholders.
Obamacare doesn’t cover homes?
I always googled from time to time why usa does not like concrete home because i forgot the answer i found last time😂
Whoa We Didn’t create this to actually pay people, let’s get rid of it #CancelStateFarm
State Farm ,you should be absolutely ashamed.
Such bs. They will force you to get the insurance too.
One of the many reasons I wanna leave California
Horrible insurance company
Where’s my boy Jake?
Insurance is a scam.
California is a catastrophe by every measure.
Vote Blue and it’ll be your state too.
Smart move for state farm.
If we can boycott Budlight let’s Boycott All state! I live in Texas but how dare them do that to any states
State farm is racist