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re: Shocker: study suggests insurance companies are breaking it off in our butts
Posted on 5/1/26 at 3:48 pm to The Third Leg
Posted on 5/1/26 at 3:48 pm to The Third Leg
quote:
Net Underwriting Gain/Loss:
2025: Estimated $63 billion gain, a significant leap from the $23 billion gain in 2024.
2024: Recorded a $23 billion gain, recovering from a $22 billion loss in 2023
Half of the story.
That's loss ratio math, that doesn't include claims handling (adjusters), litigation, distribution (agents and commission), tech spend (legal and regulatory reporting)
Combined ratio paints the picture and for the good companies that's in the high 90s or low 100s.
2
Posted on 5/1/26 at 3:49 pm to The Third Leg
He pocketed 100k, it was a 117k clay tile roof. 
Rates have come down 25-30% in the last year. Billions in dividends being paid back to customers.
Rates have come down 25-30% in the last year. Billions in dividends being paid back to customers.
Posted on 5/1/26 at 3:52 pm to BoogaBear
Exactly, mutual companies have combined ratio targets priced at a loss per policy. Usually 103-106%. They then make up the difference by investments.
Posted on 5/1/26 at 3:55 pm to DCtiger1
quote:
Rates have come down 25-30% in the last year. Billions in dividends being paid back to customers.
Personal Lines
Homeowners Insurance: On average, rates are projected to increase by 4% to 8% nationally.
High-Risk Zones: Areas prone to wildfires or hurricanes, like California and Nebraska, are seeing steeper increases of 13% to 16%.
Posted on 5/1/26 at 4:00 pm to The Third Leg
quote:
High-Risk Zones: Areas prone to wildfires or hurricanes, like California and Nebraska, are seeing steeper increases of 13% to 16%.
California has suppressed rates for years. Areas hit by the wildfires in 2024 had some of the cheapest home owner rates in the nation due to that. Rate does not match risk thus if you want these companies to insure in areas they have to increase rate. Almost every company has a separate entity for cali anyway. I'm not sure how rates increasing in areas prone to extreme wildfire risk proves the point you think you're making
Posted on 5/1/26 at 4:03 pm to Chucktown_Badger
quote:
And you get your "money back" by moving into a lower risk pool and paying less in premiums.
Lol you're the only person who has that perk, I suppose. I haven't had a speeding ticket, accident, or claim on my auto insurance in the last 3 years. It's gone up $146/mo in that timeframe.
I haven't had a single claim or modifications on my home (built new in 2022), yet it's gone up over $100/mo.
I haven't used more than 25% of my health deductible at any point during the last 3 years. Premium has increased just under 50% in that timeframe.
Absolutely absurd statement you made.
This post was edited on 5/1/26 at 4:04 pm
Posted on 5/1/26 at 4:04 pm to BoogaBear
quote:
Combined ratio paints the picture and for the good companies that's in the high 90s or low 100s.
Last year it was 93% industry wide
Rolling 10 year average is 99. They got hit with a heavy inflationary environment during Covid and a major damage year in 2023, turned around and buttfricked everyone the last two years.
Their balance sheets have never been healthier, now sitting on $1.2T in policyholder surplus—and again, the premiums paid first crossed $1T last year.
The total premium paid annually in 2025 + the total surplus > than the 4 highest claims years ever paid — combined
This post was edited on 5/1/26 at 4:10 pm
Posted on 5/1/26 at 4:19 pm to GeauxldMember
quote:
While President Donald Trump won a second term on the promise to contain inflation, he has also gutted institutions such as the CFPB that sought to find potential savings.
The CFPB was a money grabbing Marxist machine created by Pocahontas. This one sentence destroys the article as democrat propaganda
Posted on 5/1/26 at 4:37 pm to BoogaBear
quote:
entire study garbage
Shocking! Of course it was garbage rage bait.
The general population is not smart enough to realize the villians are the billboard attorney scum that push false narratives, exaggerated treatment, and harass adjusters. Not to mention public adjusters in bed with those attorneys for their roof schemes.
Oh but they contribute to NIL, so it is ok. Ban their sponsorship of college athletics.
Posted on 5/1/26 at 4:59 pm to The Third Leg
quote:
They also regularly deny valid claims and frick their policyholders over. The stories are endless, major disaster comes through, insurers frick policyholders, lawsuits ensue, insurers cry about litigation driving premiums through the roof
They? Riveting info. Never been said before.
Policy holders are dirtbags too. You know they do fraud stuff too.
Posted on 5/1/26 at 5:14 pm to The Third Leg
quote:
Personal Lines
Homeowners Insurance: On average, rates are projected to increase by 4% to 8% nationally.
High-Risk Zones: Areas prone to wildfires or hurricanes, like California and Nebraska, are seeing steeper increases of 13% to 16%.
The OT: housing pricing are too high! Starter homes are 400k!
Also the OT: homeowners insurance went up! Bastards.
Can't make this shite up.
ETA: on your insurance companies screw people over on claims argument. Not even close, that's an adjuster and independent agent issue. Insurance companies just want to pay and go away. Their entire portfolio is on balancing risk, claims are accounted for.
This post was edited on 5/1/26 at 5:17 pm
Posted on 5/1/26 at 5:24 pm to GeauxldMember
quote:
A new analysis suggests Americans are being overcharged by $150 billion annually to insure their homes, autos and businesses
Who are we to complain? How else are those CEOs going to get their multimillion dollar bonuses???
Posted on 5/1/26 at 5:25 pm to BoogaBear
quote:what’s our role in the Claim again?
and independent agent issue.
Posted on 5/1/26 at 5:30 pm to BoogaBear
Insurance already went up huge, double digits annually for 5 years. His argument was that it is now coming down, even though it is still going up, just less significantly. In Texas, they did away with 1% hail and wind deductible, which are the source of most home claims, and jacked premiums in parallel, same amount of coverage, except they absolved themselves of roof liability.
Lol. You can’t possibly believe this.
As of April 2026, State Farm faces significant legal scrutiny, particularly in Oklahoma, where lawsuits allege a systemic, secret scheme—the "Hail Focus Initiative"—to deny or underpay wind and hail property damage claims, often bypassing full roof replacements. The Oklahoma Supreme Court is currently reviewing Attorney General Gentner Drummond's intervention in these cases, aimed at protecting consumers
Company Specifics: Farm Bureau Property & Casualty was reported to have one of the highest denial rates, closing 70.5% of claims without payment in 2023. Other major insurers like State Farm, Allstate, and USAA have also faced significant accusations of routinely leaving homeowners without compensation after catastrophic events
I’m sure these are just outliers and the litany of stories around virtually every disaster are all propaganda by big tort.
quote:
Not even close, that's an adjuster and independent agent issue.
Lol. You can’t possibly believe this.
As of April 2026, State Farm faces significant legal scrutiny, particularly in Oklahoma, where lawsuits allege a systemic, secret scheme—the "Hail Focus Initiative"—to deny or underpay wind and hail property damage claims, often bypassing full roof replacements. The Oklahoma Supreme Court is currently reviewing Attorney General Gentner Drummond's intervention in these cases, aimed at protecting consumers
Company Specifics: Farm Bureau Property & Casualty was reported to have one of the highest denial rates, closing 70.5% of claims without payment in 2023. Other major insurers like State Farm, Allstate, and USAA have also faced significant accusations of routinely leaving homeowners without compensation after catastrophic events
I’m sure these are just outliers and the litany of stories around virtually every disaster are all propaganda by big tort.
This post was edited on 5/1/26 at 5:53 pm
Posted on 5/1/26 at 5:38 pm to The Third Leg
You're solely focused on homeowners for some odd reason. Significant increases in the frequency of convective storms and wildfires is going to cause HO premiums to go up. Want to know another reason? The cost of replacement has gone up year over year as well.
Posted on 5/1/26 at 6:00 pm to DCtiger1
Wildfires and natural disasters have always happened. This isn’t some recency phenomena. Damage amounts go up because of inflation, not frequency of disaster. Last year was low on the disaster scale—lowest since 2019, 1/4 of 2017, and on average, premiums are still rising after massive increases and enormous, record setting profitability from underwriting.
The cost to insure the same dollar amount is vastly increased from 2021 to today. The insurers liability remains the same in a large scale loss. And actually, in many places, they’ve reduced hail and wind liability by refusing to offer 1% deductibles.
The cost to insure the same dollar amount is vastly increased from 2021 to today. The insurers liability remains the same in a large scale loss. And actually, in many places, they’ve reduced hail and wind liability by refusing to offer 1% deductibles.
This post was edited on 5/1/26 at 6:02 pm
Posted on 5/1/26 at 6:12 pm to The Third Leg
Auto insurance loss ratios should be completely different than home insurance ratios should be completely different than health insurance ratios.
It is funny when a study comes out with some sort of blended data as if that is supposed to mean something.
For some context, the traditional target home insurance loss ratio is just over 50%.
The reasoning is that 4 years at just over 50% and then one year at 200% is still in the ballpark of a target premium.
Insurance companies dont try to make money on home insurance. They try not to lose their shirts.
Home insurance hopefully bundles with auto insurance.
Auto insurance is much more predictable and potentially where the company profits can be managed.
Target loss ratios are around 70-75%. Combined ratios hopefully finish around 96% (adjuster expenses, legal expenses, origination and servicing expenses).
The ideal goal is 4 cents on every dollar of premium as profit.
If 4% outrages you, I dont know what to say. It isnt guaranteed. There are many years where the combined ratios are pushing 110%.
It is funny when a study comes out with some sort of blended data as if that is supposed to mean something.
For some context, the traditional target home insurance loss ratio is just over 50%.
The reasoning is that 4 years at just over 50% and then one year at 200% is still in the ballpark of a target premium.
Insurance companies dont try to make money on home insurance. They try not to lose their shirts.
Home insurance hopefully bundles with auto insurance.
Auto insurance is much more predictable and potentially where the company profits can be managed.
Target loss ratios are around 70-75%. Combined ratios hopefully finish around 96% (adjuster expenses, legal expenses, origination and servicing expenses).
The ideal goal is 4 cents on every dollar of premium as profit.
If 4% outrages you, I dont know what to say. It isnt guaranteed. There are many years where the combined ratios are pushing 110%.
Posted on 5/1/26 at 6:18 pm to GeauxldMember
I wish my premium was $2750 a year….it is double that. They also claim my house is worth 37% more than it actually is
Posted on 5/1/26 at 6:27 pm to GeauxldMember
They needed a study to figure that out??????
Posted on 5/1/26 at 6:32 pm to The Third Leg
If you don't think that storms and wildfire losses are happening more frequently, I don't know what to tell you.
Homes are pushing into areas where wildfire risk is higher, areas are more densely populated and the overall maximum sustained losses are going up because of the sheer amount of homes. A hail storm in Dallas 15 years ago vs today will be exponentially more costly solely on the amount of homes insured.
You're complaining about the lack of a 1% deductible? You keep referring to homeowners but talking about overall profitability. Your argument makes no sense when you refuse to address auto insurance
Homes are pushing into areas where wildfire risk is higher, areas are more densely populated and the overall maximum sustained losses are going up because of the sheer amount of homes. A hail storm in Dallas 15 years ago vs today will be exponentially more costly solely on the amount of homes insured.
You're complaining about the lack of a 1% deductible? You keep referring to homeowners but talking about overall profitability. Your argument makes no sense when you refuse to address auto insurance
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