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Article #12311

California insurance cartel?

#12311
From: shen_martin
Date: Thu, 18 May 1995 00:00
32 lines
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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

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- DISCLAIMER
-
-The above statements and opinions are mine. My employer has nothing to do
-with them. MS
-
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X-Google-Thread: 106595,ed5a262c2d51a707,start
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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