How Much More Can They be Made to Pay? By Eric Peters

Don Corleone never had it as good as the insurance company capos. From Eric Peters at ericpetersautso.com:

State Farm – one the several “families” of the insurance mafia  – has reportedly asked the government that serves as the mafia’s enforcer to allow it to increase what people in the state of California are coerced into paying for home insurance by 20 percent. This is presented as necessary to “cover” the costs incurred by the fires that burned down so many homes in California.

Well, weren’t all those “premiums” people were coerced into paying supposed to pay for just such losses?

Of course, a sizable tranche of the money mulcted from “policyholders” went to pay for the Crassus-like salaries paid to the capos and dons of the mafia, who earn millions annually mulcting “policyholders” and – this is important – using every imaginable shyster-trick to get out of paying when a “policyholder” files a claim and expects to get paid. Luigi wasn’t wrong about this.

Well, how much more are we talkin’ about, Willis?

The pre-fire average annual cost of “coverage” in California was about $10,000. Imagine that. Imagine paying out $50,000 in just five years to “cover” your home. How many people can afford the cost of such “coverage”? How many people will be driven out of their homes by those costs?

By what it is shortly going to cost?

Probably a lot – given another 20 percent on top of that. It amount to another $2,000 annually, or about $12,000 after the fire. This is likely to prompt some sales. Extremely affluent celebrities and government hog-troughers can afford this. Average California people cannot.

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One response to “How Much More Can They be Made to Pay? By Eric Peters

  1. And now Gavin Pelosi says they can’t build back better!

    BlackRock particle board Section 8 apartments for the be all smart n’ shit olympics of 2028.

    That’s an offer you can’t refuse, comrade, and the Goodfellas are laughing at the table while Tony Soprano says who gives a shit.

    Elections have consequences, comrade.

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