Are you aware that some states (auto)insurance is not mandatory? Liability insurance is not mandatory in Wisconsin, however you must demonstrate the ability to pay for damages you cause in an accident. Failure to do so can result in suspension of driving and registration privileges
It is the ultimate in irony that Allstate is the sponsor of the Sugar Bowl in New Orleans. I think the Sugar Bowl should be denounced and all its commercial sponsors should be boycotted for this disgusting farce. Maybe FEMA can sponsor Mardi Gras, and the Army Corps of Engineers can sponsor Jazzfest!
For years and years I had Allstate. The only claims I had in Missouri were not of my doing. One was a horrendous wind storm, the other, a hail storm. The claims were minimal. Despite my autos not being affected, my premiums doubled, and my homeowners went up though the damage was to a fence. When I advised them I was dropping them, they said they could match the other companies figures! Hmmmm, why did they raise my rates anyways??? Greed. Good ridance!!
The move seems logical, but a little short-sighted. If you live in an area where fires, floods, winds, hurricanes, etc. are not likely to happen, you should pay less than someone who lives where they are more likely. However, why drop them altogether? Just put them in a 'High Risk' category like smokers for life insurance or teen-agers for auto. Then the people who are low risk do not have to carry those who build their house on a flood plain and make the news once a year getting rescued off their roof by helicopter.
What would be the best way to stop this from happening again? Should the Government take over the Insurance racket and that 50 million dollar bonuses will go for reconstruction of the states damaged.
I couldn't agree with you more, AFMCA. But please, don't insult the poor cockroaches! At least they know to get out when the tides start rising!
We have destroyed so much land through over development (especially on the coasts), agricultural & other chemical disasters, pollution by land, air & sea that there really is no place safe to go that insurance companies will be willing to insure! And if that place is found everyone will rush there & it's only a matter of time before it's developed to death & the insurance companies will "cut and run" & the cycle of insanity continues!
I propose a ban on all insurance & it should NOT be mandatory. Your house burns or washes away then rebuild it with the money you saved by not buying into bullsh!t insurance policies. Same goes for auto insurance- I think people would be safer drivers knowing there is no insurance to fall back on. We dropped our health insurance when they refused to "authorise" care that I desperately needed- despite the thousands of dollars we'd paid into the plan for 20 yrs! Now we put the same amount into CD accounts & we get to call the shots when we need health care (& the doctors offer discounts cheaper than they charge if you have insurance! Now THAT proves what a scam the insurance is!)
The proverbial 2 sided sword. On one hand if the insurance companies had taken this stance decades ago there would not have been the over building on our shores and the beaches and dune system would still be intact to naturally protect us from storms. On the other hand to reap enormous profits over the years of low hurricane activity and now to "cut and run" when the cycle is changing shows the ethics of a cockroach. Alas that is American "free-market" at work - all profit/no risk !
I have owned property along the NC coast for 20 years, and have paid Allstate for 20 years, with only one claim (a minor one) and now all that money I gave them will fall into the abyss never to be seen again. Thanks for nothing. I can't wait to see my good friend and neighbor my allstate agent to let her know my feelings.
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Allstate's 'Good Hands' are Slapping Everyone in the Face
What would be the best way to stop this from happening again? Should the Government take over the Insurance racket and that 50 million dollar bonuses will go for reconstruction of the states damaged.
We have destroyed so much land through over development (especially on the coasts), agricultural & other chemical disasters, pollution by land, air & sea that there really is no place safe to go that insurance companies will be willing to insure! And if that place is found everyone will rush there & it's only a matter of time before it's developed to death & the insurance companies will "cut and run" & the cycle of insanity continues!
I propose a ban on all insurance & it should NOT be mandatory. Your house burns or washes away then rebuild it with the money you saved by not buying into bullsh!t insurance policies. Same goes for auto insurance- I think people would be safer drivers knowing there is no insurance to fall back on. We dropped our health insurance when they refused to "authorise" care that I desperately needed- despite the thousands of dollars we'd paid into the plan for 20 yrs! Now we put the same amount into CD accounts & we get to call the shots when we need health care (& the doctors offer discounts cheaper than they charge if you have insurance! Now THAT proves what a scam the insurance is!)