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Insurance industry is about to get even crazier
Posted on 6/9/23 at 6:47 pm
Posted on 6/9/23 at 6:47 pm
Just heard that both Nationwide and Travelers are pausing all new business writing through 2023 to protect their capital position. Won’t affect current customers, but it does show how a combination of Covid and historic inflation has completely fubared the industry.
18
Posted on 6/9/23 at 6:50 pm to DCtiger1
Not to mention many Insurance companies leaving Louisiana because they can’t “re-up” their insurance.
Posted on 6/9/23 at 6:51 pm to DCtiger1
Those insurance carriers are positively nutty!
Posted on 6/9/23 at 7:17 pm to DCtiger1
I am sure politicians will help us out!
Posted on 6/9/23 at 7:19 pm to DCtiger1
Doesn't matter
They're insured!
They're insured!
Posted on 6/9/23 at 7:22 pm to DCtiger1
Glad I have USAA.
Posted on 6/9/23 at 7:22 pm to BigNastyTiger417
It’s happening in all coastal states
Posted on 6/9/23 at 7:24 pm to DCtiger1
Was waiting for this to happen.
Posted on 6/9/23 at 7:28 pm to DCtiger1
quote:
it does show how a combination of Covid and historic inflation has completely fubared the industry.
I don't trust your source if they didn't blame it on climate change
This post was edited on 6/9/23 at 7:50 pm
Posted on 6/9/23 at 8:29 pm to DCtiger1
Assuming this is property insurance??
I feel like my company is about to quit writing auto coverage in Louisiana. That place is a shitshow when it comes to verdicts
I feel like my company is about to quit writing auto coverage in Louisiana. That place is a shitshow when it comes to verdicts
Posted on 6/9/23 at 8:48 pm to SouthMSReb
Correct personal lines auto and fire
This post was edited on 6/9/23 at 8:49 pm
Posted on 6/9/23 at 9:14 pm to DCtiger1
Farmers is out of Florida for new policies.
Posted on 6/9/23 at 9:19 pm to DCtiger1
sooo glad we all hid in our homes for over a year for a glorified cold that killed a couple hundred Mammaw’s. Seems worth it.
Posted on 6/9/23 at 9:25 pm to DCtiger1
We’d all be better off without insurance. Except the few that would be way worser.
Posted on 6/9/23 at 10:04 pm to DCtiger1
My company won't touch Louisiana for auto insurance, and we're in non standard auto for the most part.
Posted on 6/9/23 at 10:42 pm to DCtiger1
they got as lazy with their investments as regional banks during the 12 years of artificial low bond yields.
Let them all burn. frick insurance companies and the vampires running them
Let them all burn. frick insurance companies and the vampires running them
Posted on 6/9/23 at 10:48 pm to theRealJesseD
quote:
frick insurance companies and the vampires running them
You forgot politicians and lawyers, at least for Louisiana.
Posted on 6/9/23 at 10:52 pm to BoogaBear
quote:
My company won't touch Louisiana for auto insurance
But, but muh "tort reform!". You mean LABI and their lap dog legislators didn't save the auto insurance industry in LA?! Shocked. Shocked I tell ya.
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