Yes, my cars are with a different company.[/QUOTE
I know some people that write insurance in Florida. I had asked them what's up with all these cancellations?...They all said they are reducing risk in Florida by cancellation because they can't get rate increases from the insurance commission...Every time they go fo an increase they get told no. So, we the homeowners in Florida get screwed, by cancellations...No one has the balls to tell the insurance companies, "YOU EITHER WRITE NEW BUSINESS AND STOP CANCELLING, OR TAKE ALL OF YOU BUSINESS THE HELL OUT OF THE STATE, AUTO, HOME ANNUITIES, LIFE, ALL OF IT".. The insurance lobby is to big, so the insurance commission folds like the scumbags they are!...
You hit the nail directly on the head my friend!!!
Several years ago was the first time I've every seen the State of Florida Insurance Commissioner's office grow a set of balls!!
When the Insurance companies wanted to bail, they said NO! They set a (IIRC) 10 year moratorium on thier departure.
As the time limit approached, they started gearing up to leave. First Floridian-Travellers (IIRC) was the 1st to bail like the cowards they were.
They whine and boo hoo about "losses" in Florida, yet they don't mention the years and years that we hardly had a claim!
And in states where they are regularly profitable, you never hear a peep about rebating profits to the consumer or reducing rates as a result of the profit margins now do you?
I believe all insurance companies do the same thing. They separate by state and consider thier profits and losses the same way. Yet, there's still only one State Farm, Allstate (the hand job people:lmao
and GEICO...blah b;ah blah!!!
I too have more than a few friends in the insurance business and they are as hamstrung by all this as we are! Thank goodness most of them have several companies they write for. One of my buddies was lucky. His company not only cancelled HIM, but thier entire company was banned from writing new policies until they and the State could overcome some pending litigation...you guessed it boys and girls...over rate hikes!!
They try to hold everyone hostage with thier childish practice of taking thier toys and running when it gets tough.
I've said the same thing Ironhorse said for years..
No cherry picking. It's all or nothing baby!
Either write everything, or GTFO and we'll find someone who will.
Could you imagine being one of only a couple of companies allowed to write in Florida?
Even at stimied rates and an occasional loss, having all the business throughout the state would more than make up for any issues.
It just takes forward thinking busienss people to see that and politicians with the balls to make it happen!
I happen to have a close friend running for office.
I think I'll get his views on this. Might make a difference in the way I vote this next election
Make calls, write letters, send emails and faxes to the Governor, to the Insurance commissioner, to your local representatives, etc. Get involved. It's your future we're talking about.
Time to end this nonsense!