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California Orders Allstate to Cut Home Insurance Rates 28.5%

West News • July 10, 2008
Allstate Corp. will have to lower its rates on California homeowner policies by 28.5 percent making an estimated $255 million in annual savings for consumers, the state's Insurance Commissioner ...

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Subject: CA. Lawyers Wrote Prop 103

Posted On: July 11, 2008, 12:45 pm CDT
Posted By: AZInsMan
Comment:
This is what you get when ambulance chasing lawyers write a proposition and idiots vote for it. The CA. DOI CAN limit the profit insurers can make in the State of CA., BUT in no manner whatsoever does the DOI limit the potential losses a company can incur writing insurance in CA.
What kind of crap is that? That is NOT America. That is NOT what made this Country GREAT! We need to pass another prop explaining how all of the rural areas of CA. are totally subsidizing the inner cities via the prop 103 rating changes recently implemented. The removal of territories in the top 8 weighted rating factors is plain STUPID when correlating factors clearly prove territory is one of the primary rating factors used all over the WORLD to actuarialy calculate the risk of loss.
Subject Posted By Posted On
Allstate Still too expensive California Homeowner
Jan 2, 2009, 2:02 am
RE: RE: Allstate rates Homeowner Rates
Jul 14, 2008, 6:35 pm
RE: Allstate rates Steven Tyler
Jul 14, 2008, 3:35 pm
Allstate rates Homeowner Rates
Jul 14, 2008, 1:43 pm
RE: RE: RE: RE: RE: Stop Cryin Fool Insurnce Girl
Jul 14, 2008, 1:36 pm
RE: RE: RE: RE: Stop Cryin Fool Steven Tyler
Jul 14, 2008, 9:10 am
RE: RE: RE: Stop Cryin Nurance Girl
Jul 13, 2008, 1:59 pm
RE: RE: Stop Cryin Steven Tyler
Jul 13, 2008, 12:52 pm
RE: Salvadore Dia Salvadore Dia
Jul 12, 2008, 1:33 pm
Salvadore Dia Rick
Jul 12, 2008, 12:00 pm
Rick Salvadore Dia
Jul 11, 2008, 11:45 pm
OK, One More Post Good Hands
Jul 11, 2008, 5:35 pm
RE: Insurance Commissioner Responsibility Speaks
Jul 11, 2008, 4:08 pm
Commissioner Nobody Important
Jul 11, 2008, 3:35 pm
Salvadore Dia Rick
Jul 11, 2008, 3:24 pm
Allstate rate reduction - Hurray for the people Salvadore Dia
Jul 11, 2008, 3:14 pm
RE: CA. Lawyers Wrote Prop 103 RMW
Jul 11, 2008, 2:46 pm
California Rick
Jul 11, 2008, 2:24 pm
Insurance Commissioner Diane
Jul 11, 2008, 1:58 pm
Insurance Commissioner Exadjuster
Jul 11, 2008, 1:44 pm
RE: Ordering Rate Cuts Joe B
Jul 11, 2008, 12:54 pm
CA. Lawyers Wrote Prop 103 AZInsMan
Jul 11, 2008, 12:45 pm
Allstate Bart
Jul 11, 2008, 12:38 pm
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