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Topic	State Farm no longer offering home insurance in Cali because people use it
UnsteadyOwl 05/30/23 12:19:39 PM #7:	Payzmaykr posted... They should be forced to shut down then. Operating an insurance company should never guarantee a profit. In fact, you might go in the red sometimes. Bottom line: If you accept the monthly payments then you need to cover any and all damages. Otherwise, its a scam. The entire concept of insurance needs to go away. The only way that happens is if insurance is done by the government and paid for with taxpayer money. If a private insurer is paying out more money than they're bringing in for long enough they're eventually going to run out of money and won't be able to pay any claims. --- "It is possible to commit no mistakes and still lose. That is not a weakness. That is life." <cite>UnsteadyOwl posted [p:973811746] in State Farm... [t:80460534]...</cite> <quote>Payzmaykr posted... </cite><quote>They should be forced to shut down then. Operating an insurance company should never guarantee a profit. In fact, you might go in the red sometimes. Bottom line:If you accept the monthly payments then you need to cover any and all damages. Otherwise, its a scam. The entire concept of insurance needs to go away.</quote>The only way that happens is if insurance is done by the government and paid for with taxpayer money. If a private insurer is paying out more money than they're bringing in for long enough they're eventually going to run out of money and won't be able to pay any claims. --- "It is possible to commit no mistakes and still lose. That is not a weakness. That is life."</quote> ... Copied to Clipboard!
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