State Farm sets LA profit targets at more than double what it does in other states

Multiple strikes against this OP:

1. Linked a tweet instead of embedding.
2. Linked to a hack who listed climate change as a cause.

I guess the real question is this: are those profits before or after investment or housing of funds in preparation of future payouts? If before, the higher profit margin makes sense.

fair enough I'll take my lumps on the link.

As for the hack part, maybe that's right. But he's just quoting what State Farm itself is saying.

My personal view on "climate change" as an excuse is that it's like "supply chain issues" or "effects of terrorism" or "COVID has impacted our ability to serve you" or anything else like that. It's a built-in excuse.

I have no doubt the insurance companies say "climate change" is their reason for rates or anything else they can blame on it. Why, because the press and at least half the politicians and population will accept it at almost face value. So, the reporter is being accurate I think when he says that "climate change" is one of the top explanations the insurance industry gives.

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I have no doubt the insurance companies say "climate change" is their reason for rates or anything else they can blame on it. Why, because the press and at least half the politicians and population will accept it at almost face value. So, the reporter is being accurate I think when he says that "climate change" is one of the top explanations the insurance industry gives.

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Fair enough. I agree with this. They use "climate change" because it gives Dem politicians a reason to agree with them.

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well…

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I would like to see what their profit margin is for the rest of the states along the GoA with just as much, if not more, or a hurricane risk.

Risk vs reward. Sounds like they don’t consider LA worth the risk for only 6% profit or so.

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I would like to see what their profit margin is for the rest of the states along the GoA with just as much, if not more, or a hurricane risk.

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To be fair, there is a shite ton more risk in La due to the landscape and the crappy building codes within 30 miles of our coast.

But I do hate insurance companies

It’s more likely Morris Barts fault than Hurricanes

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To be fair, there is a shite ton more risk in La due to the landscape and the crappy building codes within 30 miles of our coast.

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Pardon my ignorance, but isn’t our landscape pretty similar to Florida?

Also, are our building codes that much behind Florida, MS, AL?

Do we actually have a higher hurricane risk?