Source: Inequality.org
by Sam Pizzigati
“Do you know that you’re in good hands with Allstate? Or how about State Farm? Do you know that, like a good neighbor, State Farm is there? Of course you do. Insurance companies have been blasting slogans like these at us for years now. In 2022 alone, Allstate spent $617 million on advertising. State Farm spent an even more whopping $1.05 billion. But if insurance giants like State Farm truly rated as our ‘good neighbors,’ they’d be behaving (in real life) quite a bit differently than their award-winning advertising suggests. In hurricane-plagued Florida, for instance, State Farm last year denied 46.4% of homeowner claims, refusals that directly impacted over 76,000 households. ‘Property insurers who deny legitimate claims,’ notes Martin Weiss, the founder of the nation’s only independent insurer rating agency, ‘are sending the implicit message, ‘If you don’t like it, sue us.”” (10/16/24)
https://www.commondreams.org/opinion/insurance-companies-climate-crisis