A State Farm executive was fired after an undercover video recorded during a Tinder date appears to show him talking about rate hikes after the SoCal wildfires.
Is it not common sense that if we pool our money together to cover accidents then the people who are more prone to accidents, therefore pulling more money out of the pool than others, should be contributing more? How do people think rates are calculated?
It should also be a big clue: If insurance companies don’t want to take your money, you are doing something dumb. Don’t build stick houses in wildfire zones.
… wtf do people think happens at boardroom meetings?
Is it even a surprise that a home insurance company is planning on raising rates… in a collapsing country, where about 1/3 of homes are no longer viable for relevant insurance from 2030 onward, due to climate change?
He said the quiet thing out loud. That’s what he was fired for.
The next person will just keep their mouth shut and stick to the original plan.
Is it not common sense that if we pool our money together to cover accidents then the people who are more prone to accidents, therefore pulling more money out of the pool than others, should be contributing more? How do people think rates are calculated?
It should also be a big clue: If insurance companies don’t want to take your money, you are doing something dumb. Don’t build stick houses in wildfire zones.
Only fired because he got caught.
… wtf do people think happens at boardroom meetings?
Is it even a surprise that a home insurance company is planning on raising rates… in a collapsing country, where about 1/3 of homes are no longer viable for relevant insurance from 2030 onward, due to climate change?
This is only the beginning.