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marybourg

(13,593 posts)

6. Insurers are not charities. They are corporations.

Reply to RJ-MacReady (Original post)

Wed May 14, 2025, 07:22 AM

May 2025

And like all corporations, their purpose, by law, is to make a profit for their shareholders. If they cannot make a profit for their shareholders, they must leave the market at some point. So, painful as it is for us, the customers, we must pay up or do without. At least there is some regulatory body between us and them.

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susanr516 bitofalright

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How could CA approve this???? [View all] RJ-MacReady May 2025 OP

agreed AltairIV May 2025 #1

Expensive insurance is better than no insurance Jose Garcia May 2025 #2

This. I see a time coming and not so long in the future, when self-insurance will be our only option. LiberalLoner May 2025 #3

Par for the course. k_buddy762 May 2025 #4

It was approved by a judge SocialDemocrat61 May 2025 #5

Insurers are not charities. They are corporations. marybourg May 2025 #6

If the lumber has a big tariff, and nails, and pipes Johonny May 2025 #7

How about "California State Insurance Commission approves State Farm's 17% increase in home insurance premiums" usonian May 2025 #8

same here in NJ RJ-MacReady May 2025 #9

At least California has a regulatory agency that exerts some control. bluesbassman May 2025 #10

The 17% increase is only temporary while the state considers a 30% increase later this year, according to the Guardian: HeartachesNhangovers May 2025 #11

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