State Farm Says No New Policies in Mississippi

[Amused]

Originally posted by: bobdelt
fsuck mississippi

Too late, dipsh!t. State Farm already did.

 

[Amused]

Originally posted by: Zenmervolt

Originally posted by: Amused

Originally posted by: SmoochyTX
After following the ongoing battles those people have faced due to State Farm since Katrina, I decided State Farm will never insure anything of mine.

It's a good start, but not enough. State Farm needs to go under. If not bankrupt, it needs to have it's license pulled by state governments.

In three generations, my family has never had anything but exceptionally great service and response from State Farm. Not so much as a hint of difficulty or dishonesty.

Can someone point a link to what supposedly happened with SF's homeowners claims post Katrina? In my experience with homeowner's policies it has always been very clearly spelled out that water damage, in any form, is NOT covered by homeowner's insurance and that separate flood insurance MUST be purchased in order to have coverage for any water damage.

ZV

Just google "state farm" +katrina.

They hired fake experts to say obvious wind damage was water damage to deny claims. In a wide conspiracy exposed by mulitple employees, they denied tens of thousands of valid claims.

 

[bctbct]

I bet if Georgia, Tenn. and Arkansas said they were kicking them out unless they insured the State of Georgia they would be singing a different tune.

I am so tired of insurance companies stacking the deck.

 

[SirStev0]

Originally posted by: Amused

Originally posted by: dartworth
oh look...another news thread from Amused...


yeah...:thumbsup:

Hey, I post interesting subjects to spark conversations and discussion.

Better than treating OT like my own personal blog and making a post every time I get a pimple or have a bowl movement.

ZInG

 

[Pacfanweb]

Originally posted by: Schadenfroh
I knew they were not going to sell any new policies south of Hattiesburg (does not really hurt me, I live in Hattiesburg), that part is old news. I take it they are now expanding that policy to the entire state?

<---- Mississippi citizen, but has Allstate (allstate paid up after Katrina, new roof, siding, and some of the wooden flooring were replaced)

I live in NC...have Allstate...they had an adjuster the day after Fran. Wrote me a check for a very fair amount on the spot, and said call if I found anything else.

 

[Martin]

:music: like a good neighbour, State Farm is there... :music:

 

[Zenmervolt]

Originally posted by: Amused
Just google "state farm" +katrina.

They hired fake experts to say obvious wind damage was water damage to deny claims. In a wide conspiracy exposed by mulitple employees, they denied tens of thousands of valid claims.

I got a lot of blog hits, and stories about the court case, but nothing at all substantive. Certainly nothing solid enough to warrant the kind of certainty you all seem to have. It's enough to cause mild wonder about what happened, but no proof of anything.

ZV

 

[OS]

http://www.consumeraffairs.com/news04/2005/katrina_lott.html

lol the senator is suing also

 

[OutHouse]

Originally posted by: Amused

Originally posted by: SmoochyTX
After following the ongoing battles those people have faced due to State Farm since Katrina, I decided State Farm will never insure anything of mine.

It's a good start, but not enough. State Farm needs to go under. If not bankrupt, it needs to have it's license pulled by state governments.

i havent heard what state farm did in mississippi, can you give me a cliff version?

 

[OutHouse]

Originally posted by: Zenmervolt

Originally posted by: Amused

Originally posted by: SmoochyTX
After following the ongoing battles those people have faced due to State Farm since Katrina, I decided State Farm will never insure anything of mine.

It's a good start, but not enough. State Farm needs to go under. If not bankrupt, it needs to have it's license pulled by state governments.

In three generations, my family has never had anything but exceptionally great service and response from State Farm. Not so much as a hint of difficulty or dishonesty.

Can someone point a link to what supposedly happened with SF's homeowners claims post Katrina? In my experience with homeowner's policies it has always been very clearly spelled out that water damage, in any form, is NOT covered by homeowner's insurance and that separate flood insurance MUST be purchased in order to have coverage for any water damage.ZV

Thats not entirely true. i dont have flood insurance and when water heater decided to spring a leak and flood the back part of my house State Farm was here the next day with a crew to clean it up and wrote me a fair check and included a bit extra for the work we did to clean it up. that was 4 years ago.

 

[bctbct]

Originally posted by: Citrix

Originally posted by: Amused

Originally posted by: SmoochyTX
After following the ongoing battles those people have faced due to State Farm since Katrina, I decided State Farm will never insure anything of mine.

It's a good start, but not enough. State Farm needs to go under. If not bankrupt, it needs to have it's license pulled by state governments.

i havent heard what state farm did in mississippi, can you give me a cliff version?

Some people didnt have hurricane insurance, well their homes were destroyed by wind or rain, not storm surge (hurricane covers this)

The insurance companies blame the loss on surge therefore refused to pay

State sued insurance companies on owner behalf and won

State Farm paid, took their toys and now refuse to play in the Sate of Mississippi.

 

[bctbct]

Originally posted by: Citrix

Originally posted by: Zenmervolt

Originally posted by: Amused

Originally posted by: SmoochyTX
After following the ongoing battles those people have faced due to State Farm since Katrina, I decided State Farm will never insure anything of mine.

It's a good start, but not enough. State Farm needs to go under. If not bankrupt, it needs to have it's license pulled by state governments.

In three generations, my family has never had anything but exceptionally great service and response from State Farm. Not so much as a hint of difficulty or dishonesty.

Can someone point a link to what supposedly happened with SF's homeowners claims post Katrina? In my experience with homeowner's policies it has always been very clearly spelled out that water damage, in any form, is NOT covered by homeowner's insurance and that separate flood insurance MUST be purchased in order to have coverage for any water damage.ZV

Thats not entirely true. i dont have flood insurance and when water heater decided to spring a leak and flood the back part of my house State Farm was here the next day with a crew to clean it up and wrote me a fair check and included a bit extra for the work we did to clean it up. that was 4 years ago.

Water damage from pipes, must be fresh water, is covered. Damage from slow water leaks is not.

 

[Whisper]

One

Two

Three

There's some basic information for anyone wondering why State Farm is being sued.

 

[Corbett]

Originally posted by: bctbct
Some people didnt have hurricane insurance, well their homes were destroyed by wind or rain, not storm surge (hurricane covers this)

The insurance companies blame the loss on surge therefore refused to pay

State sued insurance companies on owner behalf and won

State Farm paid, took their toys and now refuse to play in the Sate of Mississippi.

Exactly why I absolutely HATE insurance companies. They are all such a rip off, yet we are required to have insurance in most cases. Autos too!

Seriously, I hope State Farm bites the big one when this is all over.

Whats the point of paying insurnace if they are going to weasel their way out of their end of the contract?

 

[theeedude]

Didn't State Farm screw a lot of people out of their insurance by claiming that stuff that was obviously wind damage was flood damage?
And now they are complaining that those people are suing? They got some nerve.

 

[Amused]

Originally posted by: senseamp
Didn't State Farm screw a lot of people out of their insurance by claiming that stuff that was obviously wind damage was flood damage?
And now they are complaining that those people are suing? They got some nerve.

Yep, that's it exactly. The homes were destroyed long before the storm surge came ashore.

To others: State Farm has settled some lawsuits, but far from all of them. It trumpeted loudly about paying 300 million to settle these suits, as if they had done the right thing. Problem is, they still owe billions.

Meanwhile, they have destroyed thousands of lives.

 

[Gooberlx2]

Originally posted by: Zenmervolt

Originally posted by: Amused

Originally posted by: SmoochyTX
After following the ongoing battles those people have faced due to State Farm since Katrina, I decided State Farm will never insure anything of mine.

It's a good start, but not enough. State Farm needs to go under. If not bankrupt, it needs to have it's license pulled by state governments.

In three generations, my family has never had anything but exceptionally great service and response from State Farm. Not so much as a hint of difficulty or dishonesty.

Can someone point a link to what supposedly happened with SF's homeowners claims post Katrina? In my experience with homeowner's policies it has always been very clearly spelled out that water damage, in any form, is NOT covered by homeowner's insurance and that separate flood insurance MUST be purchased in order to have coverage for any water damage.

ZV

Not quite right. Water damage from "floods" is not covered. Damage from busted pipes, or sewage backup or rain (as a result of your roof being blown off), etc... is usually covered.

Just keeping things clear...atleast as clear as my AllState guy explained them to me (since I now live on the Florida coast).

edit: I suppose he didn't go over every scenario, like slow leaks. So I dunno about those.

 

[bignateyk]

I hate how people act like insurance companies are the fvcking red cross. They are a business, and if they are losing money over a long period of time, they have no moral obligation to stay in an area.

Take florida for example... many insurance companies are trying to pull out of the area because it only takes one major storm (i.e. Andrew) to eliminate 20 years worth of profit for an area.

I agree that they should be paying every penny of what they owe people, but I dont think they have an obligation to give out new policies.

 

[Lola]

This happens a lot with Insurance Companies after large losses. Most ins. co.'s stopped writing home insurance policies in FLA (some still don't) after all the hurricane damage that occured in the past few years.

 

[Amused]

Originally posted by: bignateyk
I hate how people act like insurance companies are the fvcking red cross. They are a business, and if they are losing money over a long period of time, they have no moral obligation to stay in an area.

Take florida for example... many insurance companies are trying to pull out of the area because it only takes one major storm (i.e. Andrew) to eliminate 20 years worth of profit for an area.

I agree that they should be paying every penny of what they owe people, but I dont think they have an obligation to give out new policies.

No one is saying they have an obligation to write new policies.

It's what they did post Katrina to policy holders that makes them disgusting.

The fact that they are pulling out of MS just adds to how disgusting they are. They are trying to run away.

 

[Amused]

Originally posted by: LolaWiz
This happens a lot with Insurance Companies after large losses. Most ins. co.'s stopped writing home insurance policies in FLA (some still don't) after all the hurricane damage that occured in the past few years.

The difference is, the insurance companies paid up after Andrew, THEN pulled out. They did not use outright fraud and conspiracy to cheat millions of people out of their rightful claims.

 

[bignateyk]

Originally posted by: Amused

Originally posted by: bignateyk
I hate how people act like insurance companies are the fvcking red cross. They are a business, and if they are losing money over a long period of time, they have no moral obligation to stay in an area.

Take florida for example... many insurance companies are trying to pull out of the area because it only takes one major storm (i.e. Andrew) to eliminate 20 years worth of profit for an area.

I agree that they should be paying every penny of what they owe people, but I dont think they have an obligation to give out new policies.

No one is saying they have an obligation to write new policies.

It's what they did post Katrina to policy holders that makes them disgusting.

The fact that they are pulling out of MS just adds to how disgusting they are. They are trying to run away.

I completely agree... they should pay up, but I dont think they should take heat for pulling out of an area. If they have years of data to show that an area simply isnt profitable, then they it makes good business sense to stop writing policies for those people. State Farm != Red Cross

 

[Amused]

Originally posted by: bignateyk

Originally posted by: Amused

Originally posted by: bignateyk
I hate how people act like insurance companies are the fvcking red cross. They are a business, and if they are losing money over a long period of time, they have no moral obligation to stay in an area.

Take florida for example... many insurance companies are trying to pull out of the area because it only takes one major storm (i.e. Andrew) to eliminate 20 years worth of profit for an area.

I agree that they should be paying every penny of what they owe people, but I dont think they have an obligation to give out new policies.

No one is saying they have an obligation to write new policies.

It's what they did post Katrina to policy holders that makes them disgusting.

The fact that they are pulling out of MS just adds to how disgusting they are. They are trying to run away.

I completely agree... they should pay up, but I dont think they should take heat for pulling out of an area. If they have years of data to show that an area simply isnt profitable, then they it makes good business sense to stop writing policies for those people. State Farm != Red Cross

I kinda agree, but the reason they are pulling out of MS is because they were caught red handed ripping people off. There is an entire state there, much of it is not coastal and is very low risk. If they were avoiding risk, they would merely refuse to insure coastal areas.

 

[dmcowen674]

Originally posted by: Amused
After the crap they pulled, they should be out of business...

The whole Industry is a scam just like the Health care Industry.

They both deserve to lose their private status.

 

[Amused]

Originally posted by: dmcowen674

Originally posted by: Amused
After the crap they pulled, they should be out of business...

The whole Industry is a scam just like the Health care Industry.

They both deserve to lose their private status.

Dave, if you think the government can do a better job than private industry, you're even dumber than I could have possibly imagined.

Socialism is NEVER the answer... unless, of course, you enjoy the service at your local DMV and want to experience that in every business transaction.

To top it off, if you think government is any less corrupt than private business... wow, just wow...