Weather stuff

[Vorian_Atreides]

At present, the NFL playoff game is still planned to be held in LA Monday night . . . with a contingency to more it to State Farm stadium in AZ.

[1695814]

Like a good neighbor…

[Actuary321]

Ironic since State Farm (I know, they aren’t alone) has cancelled many policies in the fire prone areas of CA.

[1695814]

@Actuary321

cancelled many policies

Not cancelled per se…just not renewed. A bit like Mike McCarthy wasn’t fired from the cowboys…his contract was merely not renewed…potato, potato.

[NormalDan]

I think you can only non renew in CA if the insured lapses? Was state farm able to non renew policyholders who were keen to renew? Can check out but never leave…

[YankeeTripper]

Not my area of expertise but I think insurance companies can issue a non-renewal notice as long as they do so at least 75 days before the renewal in CA.

That said, I think CA may also have just declared a 1 year moratorium on non-renewals after the recent fire disasters. So for a while it may be Hotel California.

Both are probably better topics for a different thread than the weather…

[1695814]

You know more than I do. I’m just making it up as I go along.

Here’s a post I made a while back about them non renewing:

State Farm & Allstate won’t write new home policies in California

txt

<a href="https://www.latimes.com/california">CALIFORNIA</a> State Farm won’t renew 72,000 insurance policies in California, worsening the state’s insurance crisis State Farm announced this week it will not renew 72,000 policies in California amid a tight insurance market. The California homeowners’ insurance crisis reached another critical stage this week when State Farm General Insurance announced that it would not renew policies for 72,000 property owners across t…

Mind you, many of the details about what that actually means in practice are beyond me…so I really shouldn’t be commenting in the first place…I just can’t help myself sometimes.

[SteveGrondin]

If knowing what I was talking about was a requirement, I’d hardly ever post,

[Vorian_Atreides]

@NormalDan

I think you can only non renew in CA if the insured lapses? Was state farm able to non renew policyholders who were keen to renew? Can check out but never leave…

Read some info about this . . . an insurer in CA can issue a non-renew notice (has to be something like the 75 days before expiration as mentioned above), but if a total loss occurs before the end of the term, then there is an automatic renewal for that policy for two additional terms.

And as YankeeTripper posted, CA did put a moratorium on NEW non-renewal notices. So if an insurer has already sent the notification of non-renewal, unless a total loss occurs before the expiration date, then that policy will be non-renewed.

[NormalDan]

Makes sense. I must have gotten thinking it was so restrictive because of the temporary moratorium, the process described makes more sense.