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December 27, 2023

Comments

Phinancier

The pols better start thinking out of the box on insurance costs. And I don't mean demonizing the insurers. See how well that has worked?

Citizens for Affordable Pizza

Higher minimum wage prompts Pizza Hut to lay off staff drivers.

Joe

From the Merc:

As Insurance Commissioner Ricardo Lara embarks on a politically risky bid over the coming year to stabilize California’s imploding home insurance market by making it easier to raise premiums, homeowners in fire-ravaged communities seem resigned to a grim fate. In a state already grappling with unaffordable housing, the cost of insuring homes in much of California is about to get a lot higher.

Companies such as State Farm, Allstate and Farmers Insurance stopped issuing or limited new policies throughout much of the Bay Area last year and notified homeowners that their policies would not be renewed. For many, the only options are an expensive state-mandated policy known as the FAIR Plan, offering minimal coverage, or no insurance at all — if they don’t have a mortgage that requires it.

Insurers now must base rates only on historic losses, not projected risks, and approval for requested increases takes more than a year — twice as long as in Florida and four times as long as in Texas, according to the December Property Insurance Report by industry data analysis service Risk Information.

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Elsewhere I read that State Farm is preparing a +20-25% increase for 2024.

MBGA

This April we'll be paying tax on our home sale, and that’s it. We are Floridians now, and loving it.

Joe

I hope you and Barking Dog will continue to watch the Voice and add your thoughts. Best of luck MBGA, whoever you are :-)

MBGA

I've been doing so for the last couple years while 80% in Florida. Now we are 100%. I'll still be checking out the site but mostly for your pictures and good memories. But the local issues discussed blessedly won't feel the same.

Joe

Sounds good, MBGA. Did you use a U-haul? :-)

Texas netted the largest number of movers in one-way U-Haul® equipment in 2023, marking the third consecutive year it has finished atop the U-Haul Growth Index.

Florida ranks right behind Texas among growth states for the third year in a row, followed by North Carolina, South Carolina and Tennessee.

Idaho, Washington, Arizona, Colorado and Virginia round out the top 10 states for growth.

For the fourth year in a row, California reflected the largest net loss of one-way movers. Other bottom-five states for growth are Michigan, New Jersey, Illinois and Massachusetts. New York ranks 43rd.

https://myuhaulstory.com/2024/01/02/2023-uhaul-growth-states-texas-and-florida-top-list-again/

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