re: And it's only getting worse, multiple carriers left La on 1-1-2024

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Quick google search shows State Farm's advertising budget is >$1B each of the last few years. They also doubled exec pay from 2019 to 2020 and continued increasing it after 2020.

From my experience and talking to others most of these insurance companies seem to low ball their customers for claims and then ultimately pay 2x-3x once lawyers get involved (for legitimate claims). There is a lot of insurance fraud but there are also plenty of legit claims that get denied because of their incompetence or greed.

They should be allowed to run the company how they see fit but I sure wouldn't be defending them. Insurance in general seems to be a ripe market for fraud from either side (the company or the customer) and in all types of insurance.

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You won't see me arguing insurance companies are saints. I'm just pointing out the fact that the entire insurance world is basically reeling since 2022.