Rates rise as claim costs rise, insurers have to keep up or go insolvent

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Sep 20, 2024
8:22:38am

Sacto Cougar All-American

Rates rise as claim costs rise, insurers have to keep up or go insolvent

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Sacto Cougar

Previous username: biggieoppa
Bio page: Sacto Cougar
Joined: Aug 25, 2006
Last login: Sep 20, 2024
Total posts: 2,206 (8 FO)

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Messages

Author

Time

So.. with private insurers pulling out of CA and FL does that mean that those of us in other states won't get their..

greatbam 1% better everyday

7:42am

Insurers have seen they can get away with jacking up rates. So that will continu

Longseason

7:44am

You will like our higher rates or we'll pull out of your state too.

JayOwen

7:48am

lol yeah. They kind of don't like losing billions of dollars.

jwf

8:01am

I mean with them pulling out out FL and CA doesn't the argument of them losing billions go away? It seems like those..

greatbam

8:13am

I'm in Utah and carriers are losing tons the last 4 years.

jwf

8:13am

Inflation crushed insurance companies in every state.

Ozymandias

8:31am

Part of what makes insurance work and be affordable is the spreading of risk. If you have a company/orgnization

Indy Coug

8:20am

Rates rise as claim costs rise, insurers have to keep up or go insolvent

8:22am

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