Posting as :
works at
You are currently posting as works at

Are there any specific reasons or levers keeping these companies from charging much higher premiums? Just consumer willingness to pay?

I know State Farm and Allstate withdrew from California because they can’t hike premiums fast enough to cover the fire risk. Same thing here?

like

Yes on California. There it’s wildfires; in FL it’s hurricanes. Supposedly some sort of “help” coming in October by way (in part) of laws reducing so-called “frivolous” lawsuits against insurers but it may be way too little, too late. (Also don’t know what “frivolous” means. I’m guessing it’s going to be “hey I have a policy that I’d like to use because a hurricane destroyed my house.”)

I’ll be curious to see what that market looks like a year from now with yet another hurricane season under the belt.

Another thing I’ll say is that there is no industry with better risk modeling, and that adheres to those models more closely, than the insurance industry.

like

Meanwhile in MA my flood insurance went from $4k/year to $780/yr after the updated flood maps came out last year.

like

Luckily I renewed a few months ago, I’m dreading renewing next year at this rate.

I agree with BCG1

like

I mean the Florida coast is pretty much known to cost them a fortune every few years. Insurance to protect against something that’s guaranteed is naturally going to be expensive

Yeah mine doubled. But I shopped around and called several and got it down by like $800 which is something maaan cuz holy sh**. It’s getting pricey for sure.

Related Posts

When investing in a Vanguard Roth IRA, can you only invest into the Fed Money Market Fund (VMFXX) which is default? Or can you select other funds such as S&P (VOO)?

like

Incoming MBA, I have my tuition paid for and rent covered (I will be an RA). So the only thing I need to pay for is food and entertainment. Do you think 20k is enough to last me through the 2 years? I will make a little money interning in the summer, so that would be a safety valve if I blow through the 20k.

Or… should I take a small loan?

Okay guys give me a list of things to lower my taxable income. Make yearly with wife 200k.

like

Does anyone have any good self created templates they’re willing to share for use in the context of stock option planning?

like

Is it worth making the time/money investment to make the switch from big 4 FDD to MBB. This would require getting into and paying for a top MBA program and my net worth would be way negative after that. Are the MBB financial returns worth it? Im 26 years old for reference

like

Guys I'm confused, do we have an IRA account with PwC or is it just 401K?

like

Hey FB fam. I’m putting together Financial success resources. If you have any books, articles or podcasts in relation to personal investments or real estate you recommend, please feel free to share 🙃

like

What companies do you recently regret not investing in?

like

Long-time hodler (btc, eth only) feeling scared for the future of crypto as more info comes out about tether and bitfinex. Help!

like

It’s a myth that renting is “throwing money away.” Maintenance of a property is expensive! I’m selling my place and I’ve never felt more free. I can use that money (~$5000/month) to invest even more.

likefunnysmart

What is a reasonable rent increase %

like

Best place to put money after an HYSA? Ideally saving for a house in 7ish years. Currently contribute to 401k, maxed my Roth IRA. Looking at Sofi bank CD’s at 4.65% yield (6 month). Is brokerage invested in ETFs/Mutual Funds next step? TIA

like

What are 72 and sunny and droga benefits? Looking for details on 401k like vesting periods, matching etc.

like

I am working as a sde intern at a startup company.
They asked my account details for paying stipend.
I shared my savings account details.
Will they pay me in my savings account?
1 month and 4 days over not yet got the stipend.

like

Any good ideas to keep your day job and start a business that allows for enough freedom to take taxable income from 350k to 0?

like

How to save tax i have 9 lpa salary. Need a detailed information. I have already taken full 80D apart from they any more suggestions for 80C?

like

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

like

What rates are people getting for condos? I’m thinking about selling my condo (I had 3.25%) but my realtor said that the rates are so high now that if I were to buy a similarly priced place, the monthly payment would be like $800 more. I’m bad at math, so I wanted to ask here to confirm this is accurate. Mortgage is around $700k

like

Off the topic.. being in IT field and living in Bangalore, what do you think is best renting a house or opting for a home loan and paying similar emi for 20 years?

like

More Posts

People in NYC/LA: how is Purple PR regarded? Particularly for digital/social work?

like

Hello Folks, I have completed my Technical and Managerial rounds last week and got the confirmation from consultancy that I have cleared the interviews and will schedule a call with HR as per availability.
My question is usually how long does Nagarro HR takes to release the offer ?

Do agencies outside of pharma have Art Supervisor roles? Or does it go Sr AD > ACD. I just got promoted to Art Sup & honestly don’t know if so should update my Linkedin since i’m working...

What are some roles you have seen sales people successfully transition to (from tech/SaaS)?

like

Any tips for a Pre-Med student trying to incorporate Business/Finance into their resume? I am most interested in Investing but any general business tips would be greatly appreciated.

like
like

Best consulting firms to work for that will allow 100% remote work indefinitely regardless of what clients do?

like

Any recommendations on credit cards with lounge access? Currently have the Chase Sapphire Reserve which has Priority Pass, but have been turned away from lounges not accepting PP at peak times

Did EWR pull out of priority pass? Seems like there are no more lounges listed at the airport. Kinda disappointed with the sapphire reserve lounge access…

like

Do you gotta work on last working week ay ey gds? Just wondering.

likefunny

Are Accenture UK looking for any SAP Fiori Developers?

like

I have 5 years of experience in my industry in Chicago. (Engineering Firms working with Electrical Utilities on Substations)
I started as a CAD Drafter and worked my way up to a P&C Designer.
Is 63200 a good salary for someone with my experience?

I want to also say I’m back in school going after my EE.

like

Infosys Limited Is infosys has shift allowance if we are working from 2.00pm to 10.30pm IST.? If so where we can find those detail in sparsh or infyme app. Infosys Limited Infosys

like
like

Anyone have any good audit jokes or one liners?

like

Any attorney referrals in Brooklyn for a tenant having major issues with their landlord? (Just moved into Apt that’s pest infested, has no gas/heat, and landlord is totally unresponsive)

like

Is 16LPA low for 5Exp. Devops background

like

Sap S/4 Hana , DLM in sap is having scope?

Please pour ur suggestions

like

Hi fish! Looking for a recommendation for an online ad builder program where people can easily build marketing collateral like fliers, posters, letterhead, etc. through templates. Suggestions?

Are you comfortable going to a restaurant with outdoor dining? Why or why not?

like

Additional Posts in The Real Estate Bowl

It’s a myth that renting is “throwing money away.” Maintenance of a property is expensive! I’m selling my place and I’ve never felt more free. I can use that money (~$5000/month) to invest even more.

likefunnysmart

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

like

Do you thank your tenants for paying the rent? A quick thank you text?

like

Does buyer have to share appraisal with seller? Can seller request it?

like

What rates are people getting for condos? I’m thinking about selling my condo (I had 3.25%) but my realtor said that the rates are so high now that if I were to buy a similarly priced place, the monthly payment would be like $800 more. I’m bad at math, so I wanted to ask here to confirm this is accurate. Mortgage is around $700k

like

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

like

In process of buying a house, both my surveyor and specialist damp contractor found damp under kitchen tiles (In the grout) & in skirting boards and up one wall. Sellers had work done initially in 2014 on the wall only(with garuntee) & their company has visited and assured there is no damp… what is next best course of action, get another damp specialist to examine independently of other reports? I don’t trust them….. (U.K. Victorian terrace, damp is in the kitchen extension built circa. 15 y/o)

like

Finally got an offer accepted on a home I love! (In DC) Spent months searching. Next thing is getting to the closing date.

Now I feel super anxious about everything going thru and getting the keys. How difficult is that process of getting to close, have heard the underwriting portion could be a headache?

like

Happy Holidays fishes!! I would love to hear some thoughts here..We bought our first home last year for 316K ( starter home) in MCOL city. The value is now over 400K and I have an equity of over 150K. We are thinking of moving to a different state.Should we rent this place ($2400/month) and with recent refinance my mortgage will be $1600/month(inclu pay all) or sell it to pull out equity for the new home in a different state? FYI: we have over 100K in cash to down payment.

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

Is it okay to buy a home worth 660K for a couple earning 325K TC together? The HOA and taxes for this home bring the monthly payment up to ~4.8K which is ~32% of our monthly take home after tax…we’re first time home buyers, any advise is appreciated!

like

If anyone has problems with leaks or anything facade related I work in facade restoration, preservation, rehabilitation, retrofitting in NYC. I’d be happy to discuss potential solutions.

like

Better mortgage vs. Rocket mortgage - anyone shopped with both and what swing your decision?

like

If u have a house under my name if i move it to an llc what happens? Do i refinance to prevent a due on sale clause?

like

How long did it take you to purchase your first rental property once you started looking? I’ve been working with an agent for about a month with one offer not accepted, feeling discouraged

like

I share my first property with a family member which is my primary home. If I buy a second property (and keep the first property) and live there, does that second property now qualify as my primary home?

like

I have a rental property and my tenant is asking me to change the fridge light burb. I live out of state and don’t have property manager locally. Is it bad if I ask them to change the fridge light burb themselves?

I’m pretty responsive for things they need help with like laundry machine got broken or pantry doors fell off. So I had sent people to fix those maintenance and repair issues.

But light burbs? Srlsy? They are grown up people (fresh out of college girls)

likefunny

Interested in development. Any recommendations on how to get started? Are there any organizations that will fund any part of a development project?

like

Looking to buy a vacation home on the west coast not in a major city. West coast so it doesn’t take too long to get there. Could consider other areas, but don’t want to spend too much time traveling there. Budget is under $700k for 3 bedroom, at least 2k sqft. Any ideas?

like

Has anyone here used New Western to buy real estate deals?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal