More insurance companies announce plans to leave California

More insurance companies have announced plans not to renew policies for California homeowners beginning in 2024. Four companies attributed the move to a nationwide restructuring decision from their parent company Kemper Corp, according to documents filed with the California Department of Insurance. (Nov. 14, 2023)

KTLA 5 News - Keeping Southern Californians informed since 1947.

[timothyodell]

Sounds like those companies are broke and might be looking for a bail out.

Don't let the door hit you on your way out.

[elcajoia]

So in essence, take the money and run!

[Dfgbuiiyyyybb]

This is when people start to realize insurance is a scam because as soon as you need them they’ll pack up and leave town. Now all we need to do is have people realize the same thing about health insurance and the country will be in a better place.

[nannerz]

I live in the middle of the city theres no wildfires there

[Bbmangood]

Nobody mentions the fact that Ricardo Lara is a terrible insurance commissioner.

[Novastar.SaberCombat]

"More organized groups of corporate thieves in suits & ties leaving CA". There, I fixed it. 😂

[shawnmatelyan]

Even if these insurance companies drop California the rates are still not going to go down

[jokerace]

Unfortunately, California is uninsurable.

[jillbelas]

Too many insurance claims. California needs to do more to address illegals without insurance, fires, floods.

[Guest_]

Something definitely going on here in California…. Could the mega earthquake be coming soon, since insurance companies leaving… 🚨

[nicktom]

and also insurance for cars are up the roof

[Beltfedshooters]

Just switched from Farmers to Autoclub. Way way cheaper.

[kbsinsanewrld]

Kemper, aka Infinity Ins, is no great loss. Pray you don't have an accident with a person carrying this subpar insurance where they will try to low ball claimants. A lawyer did a video about this company saying that more than likey, you will have to sue them to get fully compensated. Trust me, I know. A driver insured with this company ran a stop sign, hitting a car and that car ended up in my front yard. Took almost a year to receive 1/2 of my claim which wasnt even worth suing for. ALSO, they act like wildfires affect every neighborhood in California which is a bold faced lie. So why do I with zero claims against my car/homeowners policy have to now pay higher rates with Farmers because dumb people choose to live in high risk areas like idk... the beach, hills and or in heavily wooded areas. Are they doing this in places where there are tornados, hurricanes and flooding? Or are Californians also paying higher rates because of the multitude of claims in places with Tornados and Floods. I remember years ago, my policy increased with Allstate after a major natural disaster in another state.

[TerryComo]

Long Term Goals? Misnomer for "Make More Profit" .

[greggreg]

California is screwed blued and tattooed😢

[TheCrazybitch]

How many people could form their own insurance group like healthcare? Is there a way to avoid current insurance methods

[BradPitbull]

I agree 👍 with ktla Garcetti and Karen bass and Gavin newsom have destroyed California

[juliemorris]

Basically what that means is, California is a huge risk

[quartytypo]

Governor should step in and guarantee state insurance for businesses that lose their private insurance.

[CharlesVaughn-bmgq]

Should insurers have to cover any homeowners for the privilege of doing business in a state?