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Allstate has stopped writing new homeowner, condominium and commercial insurance policies in California, the company confirmed to The Chronicle.
The insurer, the fourth largest property and casualty insurance provider in the state in 2021, paused new policies “so we can continue to protect current customers,” spokesperson Brittany Nash wrote in an email to the Chronicle.
The pause began last year but appeared to receive only a passing mention in industry publications. The Chronicle learned of the development this week, after reviewing an Allstate rate increase request to the California Department of Insurance.
It was not immediately clear what prompted Allstate’s pullback on new policies. But State Farm, the largest provider of property and casualty insurance in California, made waves in late May by announcing it would stop issuing new homeowner policies in the state due to inflation, wildfires and rising reinsurance costs.
That Allstate quietly did the same thing last year signals that the insurance woes in the state may be more severe than the public is aware of.
“State Farm is unusual in that it announces such underwriting actions. It is not required by law and most insurers do not,” said Rex Frazier, president of the Personal Insurance Federation of California, in an email to The Chronicle over the weekend.
The only public disclosure required of insurers pulling back eligibility in the state comes when they ask the California Department of Insurance for rate increases, Frazier said Thursday.
At least two other insurers, AIG and Chubb, which cater to high-end homes, have pulled coverage for some of their customers in recent years.
Checking again, several posters claimed that Apple is just another blue chip + its heady growth days in the past.Several past posts:
1) "MSF describes it—blend—a blue chip stock with its heady growth days in the past.
"Agree with msf and Lewis assessment. The fast growing business (iPhones, computers, music, and AppleTV) since Steve Jobs's returned has plateaued. In some area Apple is trailing."
2) "Growth is about revenues, cash flow and earnings versus the benchmark and industry peers and it’s forward looking, not from five or ten years ago."
FD: Reality check, after close to 3 years, Apple proved to be MORE THAN JUST A BLEND BLUE CHIP
One year performance......AAPL +12.3....VFINX -6.6%......JPM -23.7%
Three year performance...AAPL +49.65...VFINX +14.9%...JPM +6.1%
In just 3 years AAPL made 174% more than VFINX(SP500)....221.8 vs 47.8%...see (chart)
Awe com’on No one is “disrespecting the departed”. Some are merely suggesting that when he was alive some of us found him flawed. I think LB’s links speak for themselves. If dying made you a saint, we’d all be bound for sainthood!
Don't always believe what someone writes and don't judge a man unless you have first hand knowledge. Especially after he's gone.
Rest in peace Mr Zell”I have seen too many comments here disrespecting the departed.There will never be another investor like Mr Zell! RIP”

Never had that experience with Wells Fargo. At one time they sold us on an account to segregate funds from fraud online. Said account came with no charges on trades on mutual funds through their brokerage. At some point we said "What's this account all about?" And then we got rid of it. I still got the breaks for a few years after that. But I wish we had kept that accountFido was my best brokerage experience, and I remain with them. Vanguard became really terrible.
Also, I would not leave a dime in any Wells Fargo accounts. That bank has a poor history, and I'm not convinced that the culture there has changed. If a bank is opening accounts that customers didn't approve, you don't deal with that bank.
+1I would have kept our TRP account except they wouldn’t let me invest in PRWCX even though I had been a customer more than 30 years, so I moved those accounts to Fidelity and haven’t looked back.
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