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re: My state farm car insurance has gone up 75% due to "various industry factors outside of...

Posted on 11/1/23 at 1:21 pm to
Posted by Inadvertent Whistle
Atlanta, GA
Member since Nov 2015
4377 posts
Posted on 11/1/23 at 1:21 pm to
quote:

i'll add you to my list of known cocksuckers. thanks for your input.


Given your personality, I'll assume the list is long and distinguished.
Posted by BoogaBear
Member since Jul 2013
5574 posts
Posted on 11/1/23 at 1:35 pm to
quote:

The solution is called "Stop suing the shite out of each other".


This. Also Better Judges and Juries.


not really the fault this time...


It sort of is the problem. Not only are there more claims in litigation (my company is up to 75% of injury claims are in litigation) but it's more expensive to settle them now.
Posted by LStU
Member since Jan 2012
399 posts
Posted on 11/1/23 at 1:35 pm to
Also the reinsurance markets are where a lot of institutional capital park and with t bills as high as they are, the capital departure from insurance to bonds is part of the reason for premium growth.
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