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Posted on 3/31/26 at 5:29 pm to notsince98
The tweet might be wrong.
But it reads like they are slow in paying out claims. Denied or approved, it is virtually the same thing if no checks have been cut.
But it reads like they are slow in paying out claims. Denied or approved, it is virtually the same thing if no checks have been cut.
Posted on 3/31/26 at 5:31 pm to meansonny
They didn’t insure any homes that were burned. They refused to provide coverage to customers that had been customers for many years. Some of those customers had not found new insurance when the fires happened. People are complaining that State Farm shouldn’t have been allowed to drop them.
James woods tweeted a lot about it since he was one of those customers.
James woods tweeted a lot about it since he was one of those customers.
This post was edited on 3/31/26 at 5:32 pm
Posted on 3/31/26 at 5:40 pm to back9Tiger
quote:
How about we do something about insurance companies in general.
State commissioner issue. State by state.
Posted on 3/31/26 at 5:41 pm to notsince98
quote:
They didn’t insure any homes that were burned
None of the houses that were burned were State Farm policyholders?
Posted on 3/31/26 at 5:42 pm to notsince98
Google says that state farm had 13000 fire related claims from those fires.
Posted on 3/31/26 at 5:42 pm to meansonny
Correct. State Farm had dropped everyone in that area due to increased fire risk that the authorities were not addressing.
Posted on 3/31/26 at 5:44 pm to meansonny
There were auto claims that were fire related and probably rental claims too.
Posted on 3/31/26 at 5:44 pm to notsince98
quote:
State Farm did nothing wrong
I agree, and FWIW, State Farm did me right on two totaled cars and a house fire claim.
What people are missing is that if you have a mortgage, the bank is going to require coverage, or they will force coverage to protect their interest. There is no way a bank is going to let their property with a half-million dollar mortgage not have coverage regardless of cost or time required to find a reasonable rate.
My thought on the matter is that homeowners (more than the MSM will allow anyone to know) in California that did not have coverage did not have mortgages. They acquired the homes they lived in via estate planning from their parents or grandparents decades ago. They were the beneficiary of owning a white elephant. They chose not to have coverage when it became too expensive (or not, considering they had no mortgage). They chose to vote for politicians that did not take fire safety into consideration vs. a woke agenda.
I hate that they lost everything, but it was their decision.
Why should SF take on a risk that would break their company in the worse case scenario...that actually happened.
This post was edited on 3/31/26 at 5:52 pm
Posted on 3/31/26 at 5:51 pm to keks tadpole
State farm did drop people and those people were supposed to go on the California insurance.
But they also did pay some claims out.
But they also did pay some claims out.
quote:
State Farm reported addressing over 13,500 claims and paying out more than $5 billion related to the January 2025 L.A. County fires.
Posted on 3/31/26 at 5:51 pm to keks tadpole
NPR could be lying.
But they claim that the 13000 claims filed with state farm included home claims (primary residence).
The NPR article details complaints against state farm regarding slow payouts. The article quotes specific homeowners fighting with state farm over arguments about lead in their homes and the magnitude of the claims scope.
I dont think you are correct that the largest homeowners insurance provider in the state had 0 homes insured in the fire
But they claim that the 13000 claims filed with state farm included home claims (primary residence).
The NPR article details complaints against state farm regarding slow payouts. The article quotes specific homeowners fighting with state farm over arguments about lead in their homes and the magnitude of the claims scope.
I dont think you are correct that the largest homeowners insurance provider in the state had 0 homes insured in the fire
Posted on 3/31/26 at 5:54 pm to Ailsa
quote:
those terrible State Farm ads will finally be shelved
Bring back Jake 1.0?
Posted on 3/31/26 at 5:58 pm to meansonny
From what I recall, State Farm dropped those policies that were burned before the fire. Then State Farm retroactively decided to graciously pick them back up to cover them. Slow, maybe, but they are still covered when they should not have been covered at all.
Posted on 3/31/26 at 5:59 pm to meansonny
quote:No way?
NPR could be lying.
quote:
I dont think you are correct that the largest homeowners insurance provider in the state had 0 homes insured in the fire
I did not say that. If you had a mortgage, you had insurance from some source. If State Farm dropped you there in south California, and you had a mortgage of say $500,000, the First Bank of the West is going to know, and put you in that California pool ASAP, regardless if you could afford it or not.
Your choice then is sell, or cut out Starbucks.
My point was all of these people singing the blues that SF dropped them, and they did nothing, or never had coverage with SF or the Pool because it was too expensive, was because they owned their home out-right, valued at $350,000 in the 1980s when they acquired it from Granddad's estate vs $2,350,000 in 2025.
This post was edited on 3/31/26 at 6:05 pm
Posted on 3/31/26 at 6:01 pm to back9Tiger
Help me understand how mid 6% interest rates are making housing unaffordable? Are you saying that the rates are too high and are therefore causing payments to be too high?
Posted on 3/31/26 at 6:05 pm to Mushroom1968
quote:
Now our panicans will have to side with the insurance companies
No doubt. They are probably busy hashtagging #StateFarmRulz!
Posted on 3/31/26 at 6:10 pm to notsince98
quote:
Correct. State Farm had dropped everyone
For anyone interested in a bit of real time coverage when State Farm made this decision it was covered on the May 27, 2023 episode of The Hotshot Wakeup podcast. He's also talked about a few times here and there in other episodes.
Posted on 3/31/26 at 6:10 pm to keks tadpole
quote:
My point was all of these people singing the blues that SF dropped them, and they did nothing, or never had coverage with SF or the Pool because it was too expensive, was because they owned their home out-right, valued at $350,000 in the 1980s when they acquired it from Granddad's estate vs $2,350,000 in 2025.
I call bullshite.
State farm canceled some policies.
They didn't cancel others.
You underestimate the power of the state department of insurance.
State Farm can't unilaterally drop coverage for a city with 20M people.
You need to realign your expectations about what really happened and why people are pissed at State farm for arguing with homeowners about specific home claims.
Posted on 3/31/26 at 6:12 pm to LegendInMyMind
quote:
quote:
Correct. State Farm had dropped everyone
For anyone interested in a bit of real time coverage when State Farm made this decision it was covered on the May 27, 2023 episode of The Hotshot Wakeup podcast. He's also talked about a few times here and there in other episodes.
If they dropped everyone, then why was state farm still the largest writer of homeowners insurance in california?
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