Posted on 01/16/2025 9:12:41 AM PST by DFG
State Farm has pulled its commercial from next month's Super Bowl broadcast after receiving fierce criticism following the outbreak of the Los Angeles wildfires.
The major American insurance company has sparked fury amongst California homeowners this month amid the fires, which have destroyed thousands of homes and killed an estimated 25 people.
Just months before the devastating inferno broke out, State Farm made the controversial decision to revoke fire coverage for tens of thousands of residents in the state, leaving many in a state of crisis after their properties were turned to rubble.
A number of Hollywood stars have publicly hit out at the insurer over the cancellations, including comedic actor Rob Schneider, who furiously branded them a 'pile of crap'.
And amid the outrage, State Farm has abandoned its plan to run a commercial during Super Bowl LIX, which takes place on February 9 at Caesars Superdome in New Orleans.
Reports earlier this year suggested broadcasters Fox were charging $7million per 30-second spot for ads during the game. It is unclear whether State Farm had already paid that fee before opting to pull out.
A number of Hollywood stars have publicly hit out at the insurer over the cancellations, including comedic actor Rob Schneider, who furiously branded them a 'pile of crap'.
And amid the outrage, State Farm has abandoned its plan to run a commercial during Super Bowl LIX, which takes place on February 9 at Caesars Superdome in New Orleans.
Reports earlier this year suggested broadcasters Fox were charging $7million per 30-second spot for ads during the game. It is unclear whether State Farm had already paid that fee before opting to pull out.
(Excerpt) Read more at dailymail.co.uk ...
State Farm wasn’t the only one
How did they know when to revoke the insurance coverage?
Jake is devastated.
What’s black Jake gonna do now?
The best way to avoid the government-caused, politically-inspired, leftist-manufactured outrage?
Just leave California completely.
It’s not that I have much regard for insurance companies, but they don’t have huge profit margins. They can’t afford to provide fire coverage in states where the governments practically guarantee catastrophic fires. Rob Schneider and others should be aiming their anger at the Democrats and their policies.
THE LEGISLATURE OF THE STATE OF CALIF DECIDED TO SET THE RATES FOR INSURANCE PREMIUMS-——THEMSELVES.
THE RATES WERE NOT IN LINE WITH REPLACEMENT COSTS.
INSURANCE COMPANIES DID NOT RENEW POLICIES.
SOOOO_—WHO CAUSED THIS CRISIS???
CALIF DEMOCRATS.
They were asked to ensure a loss that was practically guaranteed by state leaders and laws. Looks like they were correct.
It would be like me buying a car that I openly intended to ram into a brick wall and asking someone to insure it.
And like a bad neighbor, State Farm’s not there.
Your agent: Smilin’ Jack
The adjuster: Joe Biden
Why did State Farm cancel so many policies? Did they have insider information, how unprepared Los Angeles would be for wildfires during Santa Anna winds. Did they know the Santa Ynez reservoir was not filled
I have a love hate relationship with insurance companies. On the one hand, they do pay for damages, but then they raise rates, especially when they’ve had to pay off on huge claims like California disasters.
A number of Hollywood stars have publicly hit out at the insurer over the cancellations,
Personally, as a member of the mutual insurance company, I support the leadership. and I am ok with doing without the commercial.
people think insurance is a right.
People think that insurance should eliminate risk. It is a way of managing risk.
Risk is always there, insurance is just one tool.
“How did they know when to revoke the insurance coverage?”
Actuaries. The experience of the last few years. Watching the state double down on state polices and laws that lead directly to those losses. Basically just knowing when to walk away from the card table and understanding the sunk cost fallacy.
It ain’t rocket surgery.
I think they did their homework unlike the various CA govt agencies/bodies and rightly concluded the risk was too high. The data was there for everyone to see it I think.
Perfectly understandable to me. Like every other business, insurance companies exist to make a profit, NOT to give money away.
Those who buy the policies are betting against themselves; that they will get more money from insurance claims than they pay in premiums.
The insurance companies ALWAYS win that bet.
They kicked me off last December, giving me essentially about 8 business days over the Christmas and New Years holidays to scramble for a new company.
Because they didn't want to take the risk. Maybe they knew everything you stated. It was all public knowledge if one was willing to investigate. Insider information was not required.
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