I am the CEO of a tech company that provides homeowners insurance in hard to insure places. I don't think it's really a bad thing for a company like Farmers to

I am the CEO of a tech company that provides homeowners insurance in hard to insure places. I don't think it's really a bad thing for a company like Farmers to cut costs. Insurance companies are by and large pretty bloated from a cost perspective and could do to be more efficient, reduce overhead, use more technology. It's very common for homeowners insurance companies to have expense ratios of 30-40%. So if you are paying $3000 per year thats ~$1000 EVERY YEAR that is being wasted on branches/agencies you don't visit and corporate overhead.