A State Farm executive was fired after an undercover video recorded during a Tinder date appears to show him talking about rate hikes after the SoCal wildfires.
Is it not common sense that if we pool our money together to cover accidents then the people who are more prone to accidents, therefore pulling more money out of the pool than others, should be contributing more? How do people think rates are calculated?
It should also be a big clue: If insurance companies don’t want to take your money, you are doing something dumb. Don’t build stick houses in wildfire zones.
Is it not common sense that if we pool our money together to cover accidents then the people who are more prone to accidents, therefore pulling more money out of the pool than others, should be contributing more? How do people think rates are calculated?
It should also be a big clue: If insurance companies don’t want to take your money, you are doing something dumb. Don’t build stick houses in wildfire zones.