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Many California homeowners are concerned about their home insurance, and that anxiety ratcheted up when State Farm requested one of its biggest rate increases ever.
Do the insurance companies shield themselves by dividing into regional/state zones?
Edit: also, because it seems it’d be safer to balance risk v reward across the whole country. (They also invest insurance money in the stock market where most of their profit comes from.) Although, I suppose it’d be easier to grift states of their money when it looks like a subsidiary is failing rather than just looking at the whole balance sheet instead.
Do the insurance companies shield themselves by dividing into regional/state zones?
Edit: also, because it seems it’d be safer to balance risk v reward across the whole country. (They also invest insurance money in the stock market where most of their profit comes from.) Although, I suppose it’d be easier to grift states of their money when it looks like a subsidiary is failing rather than just looking at the whole balance sheet instead.