Both Ds and Rs keep sending me texts, begging for money.
🤣
Our homeowners insurance is held in the #escrow account of our house payment. Because insurance went up, our house payment went up nearly $300 a month. I expected an increase, but damn. I don’t think we’ve EVER had a claim.
Previous CEO Michael Tipsord got $24.5 million cash payout last year, which includes his salary of $2.4 mil. That extra 22.1 million was a “bonus.”
#HomeownersInsurance #politicaldonations #insurance #statefarm
I expect he got this after they said they weren’t writing any new #homeowner policies in CA anymore. Can’t find what the new CEO Jon Farney makes. But the company made $104.2 billion, up from $89.3 billion in 2022.
@QueenOfEverything Yes, but I haven't the first idea how that would even be done.
I do understand the reason behind insurance. I get that it's a necessary evil. But JFC the previous CEO got a 24 million dollar bonus last year after they had "losses." 🙄
@GeezerWench
It is WAY PAST TIME for an overhaul of the Insurance industry.