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Sounds to me like these mega companies are expecting favorable regulation changes to give them more “freedom” (to reject valid claims). Either that or they’re
by nacs 3y ago
Sounds to me like these mega companies are expecting favorable regulation changes to give them more “freedom” (to reject valid claims).
Either that or they’re wanting a tax-payer funded bailout.
- inferiorhuman 3y agoI'm inclined to believe this isn't the case, however the article notes that Allstate pulled out for a few years after having one of their rate increases denied.
- 0xBDB 3y agoIt's probably worth noting in this context that while I believe Allstate is publicly traded and for-profit, State Farm is neither. It's a mutual - it's owned by its customers and its excess rates go back to them as dividends. There could still certainly be shenanigans, but not quite the same kind.