California insurance commissioner responds to State Farm non-renewal announcement

[verginsergin]

The insurance companies are tired of California’s stupid policies.

[harbor-]

Did I miss the part where anyone asks the question why these companies are not underwriting anymore in California?

[lzeng]

How about reporting why state farm is leaving? The report is poor.

[vincejamison]

That's the STUPIDEST THING I HAVE EVER HEARD.
They'll quit insuring cars.
Has anyone noticed how many cars are stolen or wrecked?

[BobanVagene]

Watchdog lady: “We need a law to force insurance companies to write policies in CA.” No wonder they want to GTFO of there! They’re nuts!

[destinyreturns]

When you're appointed to a job that you know absolutely nothing about or have any prior experience this is what you get.

[raytewell]

Insurance companies are in the money making business not customer business.

[jcreeker]

California is a beautiful state, but bad policies have made it nearly impossible to live there

[kek]

I appreciate that State Farm is willing to not over expose itself in California so as not to adversely effect the rest of us.

[janofb]

"That's the California Way" Gov. Newsom

[THE_WOAT]

Why do I get the feeling this is a DEI candidate, who won for reasons that will preclude him from being able to solve the devasting problems facing our state?

[littlesaigon]

30 years with no at fault accident. This year STATE FARM INCREASED MY PREMIUM BY 20 PLUS %

[sriceman]

Commercial vehicle insurance has skyrocketed since 2022. My $486 a month payments jumped $1900+ a month, for one commercial vehicle. The rampant lawlessness in California has led insurance companies to flee and those who have stayed have significantly increased rates. All the car theft and break in, all those home robberies, all the retail business theft, etc., insurance companies are losing big time. The results, everyone who isn't a crook, suffers!

[jeeper]

"I'm from the government and I'm here to help"

[proc]

The problem is that these politicians don't know what they are doing.

[TerryComo]

If you force them to sell insurance they will just have very high fees.

[passionnotparked]

We don't need new companies...We need a New Commisioner.

[jimfesta]

According to Ms. Balber she wants to force insurance companies to sell insurance to people who do the "right thing to protect their homes " And pray tell, what is the right thing to protect their homes?

[xoxdvkz]

Insurance commissioner Ricardo Lara needs to step down.

[Jeanne]

State Farm only wants clients like me who pay exorbitant rates for decades and never make a claim. Pure profit for them 🤬