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Allstate no longer issuing new insurance policies in California

June 09, 2023 -

The company says it is simply too expensive these days to underwrite policies in the Golden State, which the media is reporting has "seen thousands of natural disasters in recent years" that resulted in sizable losses.

It turns out that Allstate stopped writing new property and casualty insurance policies in California several months ago, but only just now got around to announcing this fact publicly.

The most recent data from 2021 shows that Allstate ...

Insurance giant Allstate loses $1.4 billion in May from catastrophe insurance claims

June 26, 2024 -

Allstate, headquartered in Illinois, suffered around $1.4 billion in pretax catastrophe losses in May. This amounts to around $1.1 billion in payouts after tax. This is triple what it paid out in catastrophe insurance in April, when losses amounted to around $494 million pretax, or $390 million after tax.

Catastrophe insurance is purchased by businesses and residences that wish to protect their property against natural disasters such as earthquakes, floods and ...

Texas sues Allstate for secretly tracking drivers, selling data to raise insurance rates

January 13, 2025 -

Texas Attorney General Ken Paxton has filed a groundbreaking lawsuit against Allstate Insurance and its subsidiary, Arity, accusing the companies of illegally collecting, using, and selling the driving behavior data of more than 45 million Americans.

The lawsuit, filed Monday in Montgomery County, Texas, alleges that Allstate built the “world’s largest driving behavior database” by secretly embedding tracking software into third-party ...

California wildfires push home insurance to the brink: Will homes remain insurable?

January 15, 2025 -

As wildfires continue to ravage California, leaving charred landscapes and displaced families in their wake, the state’s insurance industry faces a crisis that could reshape the future of homeownership in the Golden State. With insurers increasingly dropping customers and hiking rates, homeowners are left wondering: Will their homes still be insurable, and at what cost?

Mike Zuckerman, CEO of CSAA Insurance Group, one of California’s largest home insurers, ...

WSJ investigation finds 131 federal judges “guilty” of violating US laws and judicial ethics

September 30, 2021 -

Since 1974, federal law has required judges to be knowledgeable about their financial interests and the interests of their spouses or children. The judges cited in the report have not made the proper disclosures and often netted thousands of dollars as a result of ruling favorably for large corporations in which they own stocks.

The WSJ has reviewed financial disclosure forms filed annually for 2010 through 2018 by roughly 700 federal judges who reported holding individual ...

Boycott these 60 companies that donate money to fund the systematic murder of unborn human babies

January 28, 2019 -

As the biggest single provider of abortions in America, Planned Parenthood performs more than 300,000 abortions each year, and their political arm works tirelessly to influence elections and implement liberal policies around the country. Undercover videos that came to light in recent years showed top execs from the group wining and dining agents who posed as buyers of baby body parts and cutting deals with them.

More than 25 percent of the $1.3 billion in revenue Planned ...

Radiological false flag feared in Los Angeles as riots escalate – could trigger mass evacuation

June 11, 2025 -

Los Angeles is teetering on the brink of chaos as engineered riots and widespread destruction fuel fears of a potential radiological false flag event—one that could force millions to evacuate and leave the city in ruins. The unrest, which has spread rapidly across the city, is now being scrutinized as part of a larger, more sinister agenda: depopulation, land grabs, and the deliberate collapse of urban infrastructure.Engineered Chaos and the Land Grab ...

Hurricane Helene homeowners with insurance likely to be DENIED payouts: “Insurers have become significantly tougher on hurricane claims”

October 14, 2024 -

For a while now, property insurers have been quietly hollowing out coverage while jacking up rates to overcome the steep underwriting losses they have incurred in recent years due to other natural disasters. Because of this, there are major shocks coming for many of the claimants who are rushing to try to get a payout from Helene.

"Insurers have become significantly tougher on hurricane claims," says Rick Tutwiler, a claims adjuster for property owners who is based out ...

State Farm, California’s largest insurer, threatens to leave unless state allows policy price hikes of 50% or more

July 08, 2024 -

State Farm, California's largest insurer, is threatening to leave the state unless its Department of Insurance allows the company to raise home insurance rates for millions of residents.

Competitors Allstate and Farmers Direct have made similar moves in recent months by limiting coverage in California or leaving the state entirely due to the government's insurance rate caps.

State Farm and the others claim that climate change is causing more disasters that ...

Caterpillar flees Illinois for Texas, costing Chicago yet another major company

June 17, 2022 -

Caterpillar already has a divisional office in Irving, a Dallas suburb, that will absorb the company's headquarters. This marks the second major corporation in the last month to flee Chicago, the other being Boeing Co.'s global headquarters.

According to CEO Jim Umpleby, moving Caterpillar from Illinois to Texas is "in the best strategic interest of the company." Since the 1960s, the heavy-machinery manufacturer has had a presence in Texas, and that presence is now expanding....

USDA and General Mills flee “GenderCool” associations as public learns about the horrors of corporation-backed GROOMING and genital mutilation of children

May 30, 2022 -

The USDA, General Mills and State Farm were just a few of the American corporations and federal agencies that supported GenderCool. Now these corporations are rescinding their support for GenderCool as the public learns about the horrors of corporations backing the grooming and genital mutilation of children.State Farm rescinds their support for GenderCool but is all for children questioning their gender

On May 24, State Farm announced they have withdrawn support for GenderCool, ...

Creator of McDonald’s McNugget establishes new group to fight back against far-left corporations

May 16, 2022 -

The founder of the Boardroom Initiative, a partnership between the Job Creators Network, the Free Enterprise Group, and Second Vote, Rensi says his group aims to protect shareholders and employees of publicly traded companies from succumbing to woke corporate policies, as well as ensure corporate accountability.

The move comes as left-wing groups are reportedly buying up stock in businesses in an attempt to reform the board and push new leftist policies. And the further ...

California approves 22% State Farm rate hike amid wildfire fallout; insurers flee mismanaged state

March 18, 2025 -

California Insurance Commissioner Ricardo Lara has provisionally approved a 22% rate hike for State Farm homeowners insurance, citing the financial strain of devastating wildfires and a deteriorating insurance market.

The decision, announced on Friday, comes as thousands of residents struggle to rebuild after losing homes in the January wildfires, while others face the grim reality of being dropped by their insurers altogether. The provisional hike, which ...

Insurance exodus and wildfire fallout: California’s crisis deepens

January 10, 2025 -

As wildfires rage across Southern California, scorching thousands of acres and displacing tens of thousands of residents, the state faces yet another crisis: the collapse of its insurance market. For years, major insurance companies have been fleeing California, citing unsustainable risks and regulatory constraints. Now, as the flames consume homes and businesses, the financial burden is increasingly falling on the state and its taxpayers—a direct consequence ...

Woke corporations shamed into donating eye-watering $83 BILLION to Black Lives Matter

March 17, 2023 -

A new funding database from the Claremont Institute has revealed that corporations have provided an astonishing $82.9 billion to the Black Lives Matter (BLM) movement and related causes, Breitbart News reported this week.

According to an article in Newsweek, the Claremont Institute's Center for the American Way of Life stated that their report on corporate funding of the Black Lives Matter (BLM) movement was necessary because the movement was not just about "rioting and ...

State Farm seeks 22% rate hike after California wildfires in shameful cash grab

February 07, 2025 -

In the wake of devastating wildfires that ravaged Los Angeles County earlier this year, State Farm, California's largest home insurer, is pushing for an emergency rate hike averaging 22% for homeowners, sparking outrage among consumer advocates and policyholders.

The company, which insures 20% of the wildfire-affected areas, claims the fires have left it in "dire" financial straits, citing over 8,700 claims and $1 billion in payouts so far. But critics ...

Los Angeles wildfires leave displaced residents vulnerable to predatory PRICE GOUGING

January 19, 2025 -

As wildfires continue to devastate Southern California, displacing tens of thousands of residents, a new crisis has emerged: predatory price gouging by landlords and property managers. With over 105,000 people under evacuation orders and entire neighborhoods reduced to ash, desperate families are facing exorbitant rent hikes as they search for temporary housing.

The Los Angeles Tenants’ Union, a volunteer organization advocating for affordable ...

Major insurance company to discontinue condo and renter policies in California

January 04, 2025 -

In a significant setback to California's insurance market, Liberty Mutual, the state's fourth-largest home insurer, announced that it will be discontinuing its condo and renter policies. This development comes at a time when the Golden State is grappling with a crisis in the insurance industry, marking yet another red flag for homeowners and policyholders across the state.

According to filings with the California Department of Insurance, Liberty ...

Car insurance rates hit highest levels in 30 years due to more accidents, higher repair costs, bigger medical bills and increased litigation

July 17, 2023 -

The Wall Street Journal reported that many insurers have experienced significant losses over the last few years, which only means that premiums will continue to rise. "Rates need to rise probably five to 10 percent in each of the next couple of years because the loss trends have gone up so much," said Dale Porfilio, chief insurance officer at industry group Insurance Information Institute. (Related: Used car prices drop 14.2% due to influx of new cars, higher borrowing costs.)

Premiums ...

Nets LIE About Kenosha shooting, COVER-UP attacking rioters

August 27, 2020 -

(Article by Nicholas Fondacaro republished from NewsBusters.org)

Video evidence from multiple angles show 17-year-old Kyle Rittenhouse running into a parking lot as a violent rioter chased after him and threw something at him. As the assailant got closer, Rittenhouse turned and fired his rifle. The 17-year-old was then chased down the street as a violent mob attacked him. He fell to the ground and was beaten with a skateboard by one assailant and other brandished a handgun ...