Allstate seeks to raise homeowners’ rates by 34%, sparking controversy
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- čas přidán 11. 07. 2024
- Allstate, one of California’s largest insurers, wants to raise its homeowners’ rates by an average of 34%, which could be the largest increase this year.trib.al/Qg8PwsD
KTLA 5 News - Keeping Southern Californians informed since 1947.
The "good hands people" just gave you the finger
Your Nuts crushed in their hands
@@nwdrifter💀💀💀
Good one🤣
Scam
CEO wants another raise
Yeah, those execs really need to buy more private jets and yachts.
Screw insurance companies we are done !
Insurance always been a scam as soon as you need them you have to go through the circus jump through hoops juggle to get your claim
AND they will increase your premiums after they finally do cover your claim
EXACTLY at least they could pay back some of the money at the end of the year
"Allstate annual gross profit for 2023 was $14.953B, a 14.1% increase from 2022."
I wonder how many people got shafted
Not even slightly surprised
Insurance is legalized extortion.
The GOVERNMENT
Time to create a new product. Insurance is a scam.
GREED MAKES THE GREEN
💰 🤑
@@aidantechBring back the Mafia
You're not in goodhand 🤲 with All-State 😂
You're in greedy hand with all-state insurance 😂
We're out here getting gouged at this point... The only questions they ask before raising the prices... "will they revolt or just shut up and pay"... they know we just accept the bullsh*t...
"Are you in good hands ?" F no - should change slogan to "are you in greedy hands"
NOT ONLY HOMEOWNERS INSURANCE BUT CAR INSURANCE HAS GONE UP TOO WITH NO JUSTIFICATION 😡
These companies are price gouging. Horrible companies .
Don’t worry, Newsome will help out Californians. 😂
Just like Desantis helped Floridians.
😂
Gavin made deal
Thank you Allstate for always being here for us ❤️ We love the corporations that provide for us so much ❤️❤️
The lucky folks in FL have seen their insurance rates triple. The unlucky ones have lost their insurances as companies flee the state. Similar is happening in TX and LA.
I bought a new Camry. Here is my old vs. my new State Farm Insurance bill
2007 Camry $1,000/yr
2022 Camey $2,600/yr
$216 a month for a camry? I pay $150 a month for my 2023 Tesla Y in Los Angeles
I had all state worst policy for auto
and when its time to pay out...they leave the state........
Enough is enough already SMFH
Price fixing ..
Well they raised car insurance by 30% so why not
Better to get a offer of a rate increase than an unappealable cancelation notice.
Good bye insurance. You want people to pay for those who are willing to live in risky areas. If you leave you leave. I'll pay for your ticket out
Can't companies be fined or investigated for this?
Theft
I worked for Allstate for three years and I can tell you bad news people.
Glad the insurance companies are doing their due diligence. If they insure uninsurable homes everyones rates go up.
Don't have All State, but my homeowners more than doubled this year...
Insurance is getting so expensive, it would be cheaper to put that amount in savings, and do the repair yourself.
Stealing from stores is ok. Thats why they have insurance.
We are about to stop purchasing insurance and take the risk.
I pay $850 a year for my home. Not in a hurricane/flood/fire zone. Hint hint.
People will go with a cheaper alternative so they will be losing lots of customers .
All Scam
Or these same upset people could possibly not live in wildfire zones, flood zones, or in the mountains. Why should everyone be made to pay higher rates because people live in places that every single year either burns, freezes, falls in, or falls down.
We live in a place with none of these and ours went up.
This is great news! Cant expect your home prices to go to the moon while your insurance stays the same, kind of if you get a car worth alot more than your current one dont expect to get the same insurance rate.
somewhat of a reasonable response. Although my car depreciated by 10k in one year yet my insurance remained the same
@@weho_briangood point
@@weho_brian thats unfair!
@@Daniel-xb4yb eh, my fault for buying an EV 😄
Robbery
Californians brought this upon themselves.
No, the mRNA shots did.
So did the Floridians do too?
This is a Nation issue 🤡
Let them leave
want bigger bonuses
Thanks for nothing
Makes sense to me. You bought a home for $400,000 and now it's over a million dollars. Insurance has to reflect that now. Also remember inflation on everything you have to cover that too.
😭
Scan
Bye everybody I’m going to Mississippi
1:12 hahahahahahahhaha
Did that fool just glitch??? 😂😂😂
Allbad😂
If it is in fact 'greed', why didn't they raise it long ago?
hahahahahahahahahahahahaha
ha ha he he
LETS SELL AND LEAVE CALIFORNIA
Bidenomics
Renting has never felt so good.
Both are BS
I pay roughly $70 monthly full cover 400,000 policy, 200 deductible for a outlander 2022 in Indiana.
A lot of corporate landlords require you to have renters insurance.
Screw these insurance companies in Xalifornia. Time to MGTW from the Matrix!!
Thanks democrats
Where's Biden now. Can you control this like you say you're going to control rent?
It’s just actual Bidinflation. Not corporate greed.
The Allstate Corporation on Thursday reported a significant earnings comeback compared to a year ago and executives even had positive things to say about auto and homeowners insurance, two of the industry’s most troubled lines.
Allstate, the nation’s largest publicly traded personal lines insurance company, blasted well past analyst estimates and reported a 10.7% increase in revenue to $15.3 billion, with net income of $1.4 billion, or $5.13 per share, versus a $346 million loss for the first quarter a year ago.
The Allstate earnings comeback in net income was attributed to improved property-liability underwriting numbers, particularly its auto insurance profit improvement plan and higher fixed income yields. In the first three months of the year, Allstate enjoyed rate increases in auto and homeowner's insurance to address the rise in loss costs.