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Article #12311California insurance cartel?
From: shen_martin
Date: Thu, 18 May 1995 00:00
Date: Thu, 18 May 1995 00:00
32 lines
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1790 bytes
Hello, I've not filed a single claim since I moved into this home 4 years ago, but my premium has gone up almost 40% for the last 3 years. And, I just got the premium notice for the next year which has another 25% hike. Well, I started shopping around for a new home insurance policy. Guess what? All major California insurance companies stopped writing new policy. Does that mean I have to accept the 25% rate hike for the next year w/o any other recourse? This smells like CARTEL to me. I was thinking about filing a complaint to CA insurance commissioner's office, but someone told me the current commissioner is basically on the side of insurance industry because of all the money he has got from them during the election. Is there any movement out there to get this situation corrected? Enough for the griping. Anyway, if you know how or where I can get a fair insurance rate, please reply to the mail. NO FLAME please. I'm just an ordinary home owner who tries to get a fair deal. Martin ------------------------------------------------------------------------------- - DISCLAIMER - -The above statements and opinions are mine. My employer has nothing to do -with them. MS - -------------------------------------------------------------------------------
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 106595,ed5a262c2d51a707,start X-Google-Attributes: gid106595,public From: martins@loc201.tandem.com (shen_martin) Subject: California insurance cartel? Date: 1995/05/18 Message-ID: <3pg2ij$mi9@mercury.cpd.tandem.com> X-Deja-AN: 102883360 distribution: world organization: Tandem Computers Inc., Cupertino CA keywords: home insurance, cartel newsgroups: ba.consumers originator: martins@lehr.loc201.tandem.com