Quote:
Originally Posted by JRW8219
If you are in the business then you know that they can't just raise the premiums based on their broad book of business. Each state has insurance regulators who must allow the increase to happen. Yes catastrophes can hurt the companies bottom line but they are not allowed to just pass this on without regulation.
At least that was the case in the states that we did business with (not sure about FLA).
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Most of the increased cost people pay for anything these days is about the "something for nothing" stock market. I personally believe Allstate used to be much more interested in the consumer and a big bang for the buck. Now everything is about profit for stockholders and it's not just Allstate, it's almost everything we touch being inflated for profits or payback for doing nothing. The agents are squeezed with staff reductions at corporate levels that then push the additional work load on the agents requiring them to hire additional staff and then they have quotas to meet. If the insurance companies go private again, you may see a sensible price for insurance coverage, IMHO.