A state has terrible management and won't let its citizens feel the additional cost of its already costly management.
State Farm is completely innocent of wrongdoing, here.
It should pack up and walk away. It has a duty to other citizens in the other 49 states to care for them, when California poops out its Enviro-Nazi policies to harm its own citizens.
State Farm won’t do it. It is easier for them to jack up rates as needed because home owners can’t cancel policy if they carry mortgage loan.
As someone who has had 3 State Farm policies cancelled the last 6 months, I agree with everything you wrote. I don’t blame State Farm for walking away.
I was thinking the same thing. Insurance companies exist to make money, just like any business. If they cannot have rates commensurate with risk plus a reasonable profit, they should bail. Admittedly, they have been greedy little bastages at times and deny legitimate claims, but I am with them on this one.