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  1. J

    Farmers, USAA Lead Pack in Hiking Homeowners Insurance Rates in 2023: S&P

    @ritastrakosha Let’s just pick one of the big ones. We’ll do LM because I just saw their commercial. https://www.prnewswire.com/news-releases/liberty-mutual-insurance-reports-second-quarter-2023-results-301897313.html 600 million in losses for Q2 2023z
  2. J

    Farmers, USAA Lead Pack in Hiking Homeowners Insurance Rates in 2023: S&P

    @tmarie123 Kansas and Oklahoma.. states that get insane hail and tornadoes = higher insurance. It costs more to insure those areas, therefore insurance costs more. It’s the same thing in Florida for hurricanes or California for wildfires.
  3. J

    Farmers, USAA Lead Pack in Hiking Homeowners Insurance Rates in 2023: S&P

    @blmartinez This is due to many, many factors. We’ve had more ‘catastrophic’ events this year than years past. Large hail storms, tornados, high winds, excessive rain that leads to flooding, among other events that have increased the amount of claims insurance companies are handling. Prices on...
  4. J

    $2,500 vs $5,000 deductible

    @mjb048 I want to urge insureds sometimes to withdraw their claims. Happened this morning. Extremely minor water damage to a basement, spoke with contractor on site, agreed to $1,800 for repairs, insureds have $1k deductible. I really can’t advise people on potential premium increases but most...
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