Anybody know what the meeting is about? Seems very important and urgent.
18 replies (most recent on top)
Right. You learned when you needed to know. That's how you avoid it leaking out beforehand.
You learned of it when you had a need. Underwriting was informed before CA DOI.
Its great how we were notified as employees, from news reports then 3 days later on the home page. Lack of trust.
Who wants to insure a dumpster fire? Only a fool!
No where does it say we are pulling out of California SF has paused writing new business in many states over the years. Florida due to coastal flooding and hurricane, WV due to over-saturation of the market and hostile environment in the courts, NJ because the Ins Dept kept rejecting adequate rate increases. In the end,a all 3 states came around and we wound up staying and resuming writing business. This is no different. CA has to face the fact that their over-regulation and failure to act in forestry management is the primary reason for all of these wildfires that spread out of control. Sooner or later CA will have to develop a HO pool for risks that NO insurance company will take on and the homeowners will pay through the nose for that coverage.
Insurance Commissioner is not a position that should be elected. The real purpose of the position is to keep competition fair and keep companies solvent. You cannot do that when you’re tied to campaign promises about making rates lower.
CA DOI getting what they deserve, honestly.
You trash them for losing 13 B and now trash them for taking action. Typical nimrod.
HaHaHaHa...major news is picking up SF pulling out of CA. Complete leadership failure. Largest home and auto state in country and SF quits it. Hilarious...hahahahahaha losers.
SF is not writing new fire policies effective 12:00 am 5/27/2023 in CA. Renewals are safe for now.
You are right-Sf leadership is brilliant.
I don't know about y'all, but I'm making popcorn and gonna watch the internet explode with this one.
Oh good. The retiree with no brains and no hobbies shares his worthless thoughts again fir the 100th time.
Pathetic corporate stooges trying to deflect from leadership failures. Is SF too big to fail even with poor leadership? Dunno, lets ask Sears. I do know current leadership broke it, and cant fix it AND theres nobody with big enough cajones to get rid of the failed leadership so yes, SF is going extinct.
Wildfires? Shannen Doherty? CA making hard to do business in general?
Update for California: We are NO LONGER WRITING NEW BUSINESS FOR PERSONAL OR BUSINESS FIRE PRODUCTS IN SF GENERAL. HOLY SH-T
No more new business from Ca.
No idea what you are asking but enlighten us after the meeting.