EVERY STORE IS CLOSING FOR THIS RETAILER IN 2024! kzread.info/dash/bejne/hoeTt6SMkpq2itI.html

@VenturaIT

10 күн бұрын

last video might have been down due to it being near the 4th holiday

@helena20000

10 күн бұрын

🌟

@conniepitts8392

10 күн бұрын

So many insurance companies folded after the 2021 SE. Louisiana 🌀 and a lot of corrupt building contractors 😢 so a lot of homes are still damaged,,,still blue tarps everywhere.....

@DrStrangeBrew

9 күн бұрын

Welcome to Nor Cal

@freddyferrillo9704

9 күн бұрын

I know you won't say it Michael. But I will. I live in the suburbs of Ft. Lauderdale. I'm a Trump supporter 100%. But Ron DeSantis could do something about this insurance issue. But he doesn't. And I think I know why. Could it be because the insurance companies were all major "doners" for Ron DeSantis campaign he recently ran. And he lost. So now, he owes these insurance donors favors. This is a problem! Ron is so over-rated! But I'd still rather have him than any Democrat.

It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.

@DavidCovington-st2id

10 күн бұрын

It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.

@SteveDutton-v

10 күн бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@SeanTalkoff

10 күн бұрын

How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

@SteveDutton-v

10 күн бұрын

My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

@SeanTalkoff

10 күн бұрын

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

Its bs that your forced to have insurance, but the insurance companies are not forced to honor their agreement

@karenhaggard7094

10 күн бұрын

Right!? There has got to be a way to protest this! Here in WA we voted for $30 car tabs. It passed the vote by 90% and the state said... "no". Young people are forgoing heath insurance because in the end its actually cheaper to pay out of pocket. We have to make a stand.

@roshinobi

10 күн бұрын

@@karenhaggard7094Yeah the same people who overrode the demonstration of direct democracy that voted for $30 tabs are the same ones who say "our democracy is at stake" if they don't get elected.

@-2a-2a

10 күн бұрын

True found that out when I was involved in a accident that wasn't my fault at all. Had to do all the heavy lifting with other insurance company.

@ewanfraser

10 күн бұрын

Oh they honor the agreement. They just make sure the agreement is written in such a way as to easily honor it without paying much or anything.

@phasar5

10 күн бұрын

​@karenhaggard7094 moved to Washington from Florida and I'm discovering the corruption here. It's sickening to think all the residents of Washington are being fleeced by taxes and they take it. It's evident that the investment is not equal to return.

The insurance fraud by the insurance companies themselves is what needs to be addressed.

@jamesbass9797

10 күн бұрын

@rwdplz1 -- I agree with you but at the same time it simply does not costs $35k to $50k dollars to reshingle the roof on a house either. The prices I've seen being charged to put a new roof on a house here in Florida is unbelievable. I can get the same square footage re done in GA for about $8k to $10k dollars.

@odd13579

10 күн бұрын

@@jamesbass9797 whether auto or home insurance, the word "insurance claim" seems to shift the pricing strategy. best not to let them know if it's an insurance job. and for those who don't care because they're not paying for it, they really are paying for it! rates go up and insurance becomes unavailable to some because of fraud, or, more delicately, "selective pricing."

@rogerbec5766

10 күн бұрын

@@jamesbass9797 You are correct James. Here is how it works. The contractors have the roofing market cornered. No outside contractors are allowed in FL. There is no competition and they are known to charge anywhere from $450 to $1000 per square (100 sq feet) of asphalt shingles while in Texas, where I live, it runs $180 to $350 per square. Same shingles bought from same retailer at same price. Plus in Florida, if your roof claim is denied, attorney for homeowner will file a lawsuit prompting the insurance carrier to pay since it's not economically feasible to defend the case. Floridians dug their own graves.

@angie-xy5sf

10 күн бұрын

@@jamesbass9797they are changing that. NEVER LIE TO INSURANCE COMPANY. they pay how old roof is now.

@hahamasala

10 күн бұрын

Yeah and Republican governments need to stop making it harder for consumers to sue them.

The "boring" stuff like this is rarely "liked." But it is the most important. Thank you for doing this thankless work, Michael. It is a great service to your viewers.

@cer2299

10 күн бұрын

Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@pamforrest177

6 күн бұрын

How about spending all the tv and social media misleading ads on paying customer claims in regard to customer premiums. Can you imagine how much do-re-me that might free up to pay some legitimate claims?

Insurance companies don't give a crap about youl. You're just a customer ID number to them.

@Studeb

10 күн бұрын

They still want to make money. They just see the writing on the wall, the state is sinking into the ocean, there is no money to be made selling insurance to a state that is turning into modern Atlantis.

@user-nu4cr1bh7m

10 күн бұрын

You are not a customer. You are just a source of money that can bleed out.

@genevandyke4088

10 күн бұрын

@@bullforcetrading9995 , yeah, forget about customer loyalty, they don’t care about u and you shouldn’t care about changing

@moregoldmoregold

10 күн бұрын

Money

@odd13579

10 күн бұрын

i and all customers of my insurance company are owners of that company. in many years, we get dividends from operations. you might look into usaa...

Maybe insurance companies should cut their advertising budget 80%

The whole goal of an insurance company is not to pay you. That’s their goal.

@hahamasala

10 күн бұрын

But they are heavily regulated by the states. And certain types of insurance companies have to give some of their profits back to their customers. There's like a maximum profit they can make it something like that.

@vincentyeo88

10 күн бұрын

It's a scheme to scam people.

@cosmiccometchichi

10 күн бұрын

And to keep ppl poor and a way to steal ppls automobiles and get them incarcerated and put in the system which in turn can make ppl lose their children and get them in to foster care

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@muddyriverdogz

8 күн бұрын

@@hahamasala Then whats the point of even having private insurance ? Just pool the money through each state.

2 goals of insurance companies: 1. Get premiums. 2 Keep said premiums.

I learned this after Wilma. Had to hire a public adjuster to get my other half of money. Piss on these insurance companies. Pay off your house and put them out of business.

@ag4allgood

10 күн бұрын

Well that is one way but you better have money left in the Bank to cover the damages when those Hurricanes hit !

@silverhammer7779

10 күн бұрын

That could be why real estate prices are so high...they don't want you to have a paid-off house that allows you to tell them to eff off.

@johnkom2339

10 күн бұрын

@@ag4allgood Right, I don't think the right attitude is to "put the insurance companies out of business".

@xro1983

10 күн бұрын

Bro you don’t want to be in a hurricane without insurance. You might as well purchase another house. Flooding and wind damage will bankrupt you so fast

@silverhammer7779

10 күн бұрын

@@xro1983 That can easily happen even WITH insurance, as many learned in the aftermath of Katrina.

Another sad truth; never make a claim. Just keep paying.

@gb8641

10 күн бұрын

@@LisaSimplified this is nonsense, just don’t file BS claims. I’ve seen tons of people get polices with State Farm with large losses on their lost history report. There are limits but this is a bunch of fear mongering negativity that this channel is an expert at.

@johnkom2339

10 күн бұрын

@@gb8641 Maybe not fear mongering but he's presenting a dystopian vision that obviouslly a lot of people are identifying with. Especially Those in Florida.

@LisaSimplified

10 күн бұрын

@@gb8641 Everyone has different experiences and the world is bigger than our own personal reflections. Happily for you, insurance gets 5 gold stars. That is not the case for many other people. (PS If you don't like the content of this channel, why are you here commenting? )

@cer2299

10 күн бұрын

Interesting! Sounds criminal if you ask me. Even the mob protected those who paid them, so maybe go as far as to call them evil. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

I live in California and I run a handyman service. Within the past two months I’ve had so many customers that have asked if I could come trim the trees close to their homes because they all got notices from their home owners insurance saying they are going to get dropped because they have trees too close to their homes. Evidently they’ve been using drones to fly around neighborhoods to view their properties. And after going out to trim the trees I saw that they were not that close to the dwellings. Maybe a little insignificant branch here or there.

@cer2299

10 күн бұрын

Let us turn the tables. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

I got injured in an industrial accident at work. Those bastards literally tried to starve me out before paying me anything 6 months later. AIG

My insurance is almost a mortgage payment at this point. I have no claims, good credit doesn’t matter! 🙄

@darrell3643

10 күн бұрын

I'm guessing Florida or California where the sky's the limit for anything. Everyone knows how ridicules the above states are.

@eliza295

10 күн бұрын

@@darrell3643 , actually no! I agree with you though!

@googleuser868

10 күн бұрын

When they started playing credit rating games on policy price they lost my business.

@jayelder9725

10 күн бұрын

So many changes since I sold my FL RE May 2022. Costs of holding a home in FL have skyrocketed!

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

After I retired, I worked for one of the big 3 life insurance companies. Their NUMBER ONE priority was hanging onto "their" money as long as they could. Not by just denying claims, but giving you a check book, which has all of your settlement money in it. If they can find a way to hold onto your money for an hour longer, they will do it. They also refuse to pay claims with the, "Go ahead and sue us" mentality; they have two whole floors of in-house lawyers to fight lawsuits. Good luck!

@1ireneaustin

10 күн бұрын

Im one if those lives ruined in bankruptcy 2003 HARTFORD STEAM BOILER. We are getting no house insurance next year. We are self insuring. We have no mortgages so we dont have to get it. The insurance boards are as corrupt as the insurance companies. If its a small amount youre fine but let it get to 100k and the lady above is right. The corruption in this country permeates into all sectors

@BREEZYM6015

10 күн бұрын

I'll take a checkbook with my money in it. 😂

@reasonablespeculation3893

10 күн бұрын

The insurance Co pays interest on the settlement money in the check book. You can write a check for a small amount , or the full balance in you account, any time you like.

@lowkeyscustomcars

10 күн бұрын

If so many people wernt spineless sheep things would be difficult with all aspects of the bs we the PEOPLE deal with !

@eduardoraica6524

10 күн бұрын

Red state hum?!.... Good luck Floridians!!!! Keep voting Republican.....

How many are completely DISGUSTED with insurance companies?

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

Floridian here, I'm canceling my homo insurance. Not because I can't afford it, but rather if I do have a claim, I'll have to hire a lawyer and not get paid for years after the fact. I'll take my chances, I have more faith in me repairing my home than the ins. paying my claim.

@shirtlesslager

10 күн бұрын

If your house burned down, how would that affect your life and finances?

@ed-0364

10 күн бұрын

@@shirtlesslager😂😂😂are you trolling?😂😂😂😂

@ShakaCthulu

10 күн бұрын

You could just put what you’d be paying in premiums into an emergency savings fund collecting interest.

@terrifiorelli9819

10 күн бұрын

I would just sell my lot .

@shirtlesslager

10 күн бұрын

@@ShakaCthulu I self-insure. But most people would be screwed if their houses burnt down. I would scrape and rebuild. Elsewhere.

"By 2030 you will own nothing and like it" - World Economic Forum. People with mortgages will be priced out and loose their homes due to insurance costs. They will be forced to rent from companies like Black Rock etc. who are buying many of these properties. This is a transfer of wealth from the private sector to corperate government partnership. I hope we can hold on to what we have worked so hard and long to achive.

@tinasmith8241

10 күн бұрын

So true! Most Americans are in denial of this! We are heading for a Soviet-type lifestyle, and all private ownership will be eliminated ahead. Interestingly enough, in Russia, under communism, no one had any kind of insurance....those companies did not exist. And that is what is coming ahead...but the greedy CEO's of these insurance companies have not quite gotten that truth yet that they will be all out of work and as broke as the rest of us!

@alfred4012

10 күн бұрын

HEY BRO, IT'S ALREADY HERE!

@kenitsanoutragecandia3939

10 күн бұрын

@@alfred4012 Yes it is. Finally got a home we could afford, 7 years later not so much all due to insurance premiums (auto and homeowners). Inflated property values causing major increases in property taxes, inflation in every sector of the economy. Building supplies are now unafordable. Watching our home deteriorate while competing with builders who knock down perfectly good homes to put a McMansion on it. During the pandemic so much was wasted on construction matierials. Like putting up a new PVC fence when the old one was fine. Redoing all sorts of maintence on homes that was way ahead of schedule or just not needed. People were stuck at home and bored. Many did not need any stimulus checks, but they kept sending them out. The Fraud is a whole other problem. But there are no cheaper options for us. This is happening in real time. We planned to buy within a reasonable budget, but who could predict this. My buisness supplies have DOUBLED. Can I double my fee? NO. The working stiff has to eat it or loose accounts. Ohh yeah the market is doing fine, Not everyone can play that game. Economy will suffer further. Back to doing my own oil changes, brakes etc. Now the shop dosen't get my money, I have less write-offs, and my weekends involve cutting the lawn and doing automotive work when I was able to afford to pay for these sevices before. Any estimates on home repair ar so high there is no choice but to do them myself weather I am qualified or not. We went from doing the best ever 4 or 5 years ago. Now we are watching it all be taken away in real time every single day. One thing I have noticed. My well to do customers, (about 85% of my customers) have never done so well. I see it when I go to them on a weekly basis. More new cars, home improvements and vacations constantly. Boats for everyone! Middle class is already DEAD. You are correct!

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@MOstix13

7 күн бұрын

Screw the WEF.

Sister's home insurance went from $3,200 to $5,400 in one year. (Texas) One of the biggest increases in consumer costs is insurance so YES, this is a big and important topic! Thanks for covering it Michael.

@TheSuperdodgy

10 күн бұрын

That is outragous

@stephenbullock-yn3vh

10 күн бұрын

My home insurance went from 1800.00 to 4900.00 in a year that was farmers insurance. I'm in south eastern Oklahoma.i have no claims

@specialk2514

10 күн бұрын

My homeowners insurance went up like your sister's, Jan '24. I am in Tampa Bay FL.

@stephenbullock-yn3vh

10 күн бұрын

@@specialk2514 greedy corporations. I definitely can't afford it. I hope our new president does something

@sonnyfong9462

10 күн бұрын

@@stephenbullock-yn3vhThe greedy CEO needs a pay raise.

I hate insurance too, my auto insurance is bare minimum just to meet state's requirement, no home or health insurance. F them!

@richardnatividad2962

10 күн бұрын

I definitely agree barebones for my insurance needs😮

@jayelder9725

10 күн бұрын

You can even post a $10k bond for state minimum liability and not have to pay a cent in auto insurance in FL.. Say at $1600/year for state minimum (FL auto ins.) the payout is only $10k. State minimum is even a scam too.

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@ShaggyRodgers420

6 күн бұрын

That’s fine, but if you go to the hospital I hope they prevent you from getting care unless paid in cash. The rest of us should not pay for your healthcare.

@o.o5834

4 сағат бұрын

​@ShaggyRodgers420 mate, the hospital will be sure to charge them thousands of dollars. I went to a place when I didn't have insurance, I went home and got billed for thousands of dollars. In my state I am fined hundreds of dollars a year for not having insurance. Don't worry, when they go to the hospital, they will probably never be able to live it down

Listen, I’m tired of paying crazy insurance in Florida because all these people want to live on the beach, then their homes get destroyed, insurance companies loose big time then they drive everyone’s premiums up including me the guy who can’t afford living on the coast.

We need a complete overhaul haul from the president to city haul.

@cer2299

10 күн бұрын

We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

I went thru hurricane Ian point blank in 2022 (and Charlie in 04) and our insurance company first came with about a 10% of damages offer... We were able to finally get between 50-60% of our damages covered. Hes correct. After Hurricane Ian, insurance companies (at least in Florida) will not pay without YEARS of courtrooms and attorneys fees. If they pay at all ever

@AssetAddict

10 күн бұрын

Please please contact me if this ever occurs. Within 12 months you would have had full payout plus 20%.

@miriamseidel8463

10 күн бұрын

Did u contact a "public adjuster"? I know that for a small commission, they work for the homeowner & get a lot more for u. I went thru Super Storm Sandy in NJ, and the public adjusters were on point & helped MANY.

@user-lh5re8jh7u

10 күн бұрын

When I had a mortgage, I had to make a claim. Insurance refused to pay. I called the mortgage company and.told them to get after the insurance because otherwise, I wasn't paying my mortgage and they would be holding a house with the sky visible from the inside of the open roof. They said it would ruin my credit. I said I don't care because I am not paying for a house I can't live in. I received full payment in 48 hrs.

@divergentone7491

10 күн бұрын

@@keyisersoze Not a good idea. FEMA is not setup for that plus it would increase the federal income tax. FEMA has a disaster program with low-cost loans but once you sign up with them, they kinda of take over your property. The last thing you want is to have the federal government's hands that deep into your personal affairs.

@mustangecoboosthpp3869

10 күн бұрын

@@miriamseidel8463 Bull, we handled all of our issues from Hurricane Ian in Cape Coral, Florida where we got pounded for several hours because the storm was very slow moving off our coat with the eye wall against Sanibel Island, Ian came fully ashore about 10 miles north of us just south of Punta Gorda. We have State Farm and we had no issues with them paying what the policy called for and we only had to pay the 2% Hurricane deductible. The people directly across the street from us used a public adjuster and they had to fight almost a year to settle and never did get all the money plus they had to pay the public adjuster.

I'M 80 YEARS OLD. OTHER THAN MINIMUM AUTO INSURANCE I'VE BEEN UNINSURED MY WHOLE LIFE. THAT IS A LOT OF HOURS I DID NOT SLAVE FOR THOSE SCUM BAGS. I BUILT MY HOUSE AND KILLER HOBBY SHOP FOR CASH. HOT RODS TOOLS MACHINES, I GOT IT ALL DEBT FREE.

@ParisianThinker

10 күн бұрын

I have lived in France for the last 18 years. Now aged 78. I never signed up for Medicare or any US insurance. The best decision.

@thomasfreeman4578

10 күн бұрын

Stopped paying insurance a few years ago,,,best thing I have done

@pinschrunner

10 күн бұрын

Good for you🎉

@andycurran3327

10 күн бұрын

So you have a sizable unrealized capital gain. How much of that would you like to pay in a new tax every year (5% seems like a nice round number which would mean the entire gain gets confiscated over the next 20 years).

@ladycactus110

10 күн бұрын

🥳

I remember AIG executives using tax dollar bailouts to go on lavish vacations. Insurance is the biggest sham there is, besides maybe ssi.

@thedadyouneverhadchannel3544

10 күн бұрын

The FED is the biggest!

@cer2299

10 күн бұрын

We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@ShaggyRodgers420

6 күн бұрын

So don’t pay it. Or go and start your own insurance company. Complaining about you choosing to pay for insurance 😂

@DEUltra82

6 күн бұрын

@@ShaggyRodgers420 in my state there is no option for auto insurance, so can't opt out of that. As far as homeowners insurance, your lender can require you to insure your home, so it may not be an option for some people. Either way that's irrelevant to me, because i rent. Shaggy thinking he knows everything😂

@ShaggyRodgers420

6 күн бұрын

@@DEUltra82 Unless your state forces you to own a car you are choosing to pay for car insurance. If you rent you are paying someone else’s homeowners insurance. Both your choice, but no one makes you have insurance.

The only reason I have insurance is because it is illegal to drive without one 😢

@s99614

10 күн бұрын

That's not stopping all the people Biden has let in from driving.

@Arienrhod

10 күн бұрын

I’ve been sued twice for car accidents. One settled for $25,000, the other for $35,000. It was nice to have insurance.

@cer2299

10 күн бұрын

Then maybe government should revisit that with the extortion that is taking place in this country. Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@NrthrnKnght

9 күн бұрын

@@Arienrhod stop being a crappy driver

@Arienrhod

9 күн бұрын

@@NrthrnKnght one was my kid. Thanks.

Insurance has become "Legalized Extortion". Those homes sold in the thirty, and forty K price range when they were first built.

@marshallforeman2051

10 күн бұрын

An so what is your point

@tacmason

10 күн бұрын

@@marshallforeman2051 pay too much if you feel you must, but you might regret doing so.

@googleuser868

10 күн бұрын

Sounds like mine. I self insure. It's a throw away house at this point.

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

My wife was in a serious car accident, and we had to take our insurance company to court in order to be financially compensated. The crazy part is that they claimed they were like a good neighbor.

@cer2299

10 күн бұрын

So sad. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@dead2802

9 күн бұрын

State Farm among others are total garbage! They have a scam co called Bristol West! They quote a rip off policy and even when u pay the entire 6 mo's suddenly u get letters demanding more for some crap reason or they will cancel or if u tell them you wont renew they charge you and if you dont pay will turn over to collections. Basically fraud, extortion, etc. In 2023 they had over 4,000 bad reviews. Even going into bank accts and just taking $ without even notifying people why or how much! Then a renewed policy will be increased $3 or $500 for min liability regardless perfect record and payer. Finally, some lawyers are preparing a class action suit for over 600 mill just for reasons stated for 9,000 clients ex clients. State farm, the parent co. just let this co get away w fraudulant crap. This ins. B.S. is so unethical and overpriced millions r saying eff the shite and not even insuring anymore! WTH should All of us who do pay and get robbed continue doing it! Someone hits you and over half of those people arent even insured and we r screwed! Sick of what so called ins. corps have become!

@novadhd

9 күн бұрын

more like pissed off neighbor that had tree fall on their house

@cer2299

9 күн бұрын

@@novadhd Time to start checking your banks credit score though. Also, insurance companies also get ratings. Should check those as well.

The state raised that " Lot Fee " from 4K to 24K? Are you kidding me? That should be ILLEGAL !!!!

@cer2299

10 күн бұрын

Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

Same with the auto insurance, were paying for those that are driving without insurance. This is sad 😢 Florida

@shanenice5380

10 күн бұрын

I see illegal driving without licens.we get trouble

@TheChenny73

10 күн бұрын

You don’t have to carry uninsured motorists coverage if you own your car.

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

The purpose of insurance should be to spread risk amongst those paying in, not to make piles of money for a few execs.

@darkgardenrecords9264

10 күн бұрын

This is the meat and potatoes of the argument

@ag4allgood

10 күн бұрын

The Companies need to make their 💰💰💰🤑 ! CEO's are so under paid today right ? ChatGPT can replace them & the company could save Big Money ! No one would miss them either. You think Boeing's CEO has done a good job running the company ? Got a huge 45 % raise in 2023 making $32.8 Million up 45% a paltry $22.6 Million in 2022 - how could he make ends meet ? 🤔

@googleuser868

10 күн бұрын

​@@ag4allgoodPeople are over paying for a lack of talent.

@lorihamlin3604

10 күн бұрын

Anyone ever resent that when we get a raise it isn’t enough to make a dent in budget but insurance (as well as everything else) can go up exponentially without batting an eye. I only have liability insurance on my paid off car and planning to look seriously at getting minimal insurance on my paid off house.

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

Get rid of insurance altogether! Home, car, health, life, it’s all a sham!!

@joshuamckillen3712

10 күн бұрын

I agree its 100 percent all a scam. People get so angry when i say this🤣. Idk why guess they like being pushed around.

@ag4allgood

10 күн бұрын

To register a motor vehicle in Florida, you need to have a minimum of $10,000 in both personal injury protection (PIP) and property damage liability (PDL). Florida does not require policyholders to carry bodily injury liability (BIL) coverage. 😎🌞So there is a silver lining to these Murky Mikey rain clouds ☔🌪🌧🌪⛈🌪

@morganhill2586

10 күн бұрын

Real shit

@cer2299

10 күн бұрын

IT IS! Fear driven scam!!! Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@MH-tl4yx

8 күн бұрын

i do think life insurance is a good thing, especially burial. leaving 200k to a loved one to give you piece of mind is worth the $70 a month in my opinion. but you are right the others are a total scam!

Hey Michael, there are still some of us who think it's important to know what is going on in the insurance world. Thanks for keeping it out there for us who are interested.

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

Keep telling it how it is

@ag4allgood

10 күн бұрын

Murky Mikey bringing the rain clouds 🌧☔🌪⛈🌪⛈🌪! We are all going to die 💀💀💀💀

@cer2299

10 күн бұрын

Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

There's a story on 60 Minutes Australia here on youtube about a whole community denied help from insurance after a flood.

@phasar5

10 күн бұрын

Don't forget about the fire in Hawaii. 😢

@FloridaGirl-

10 күн бұрын

In the US you need flood insurance. Which is through FEMA. The house insurance DOES NOT cover flooding . Anywhere in US. You need a seperate “flood” policy.

@pinschrunner

10 күн бұрын

Floods are not covered in the USA under a homeowners policy. That's a separate peril insured separately

@vincentyeo88

10 күн бұрын

So, the whole community has been scammed.

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

Agree, NEVER make a claim. Even though they never paid the claim we were penalized because we submitted a claim.

@jerrydwyer9057

10 күн бұрын

One of my huuge trees fell into the neighbors field making a mess and hurt a bit if barbed wire. I felt bad. I called the ins co to find out what i was supposed to do. They put my inquiry down as a claim. Offered no help, and jacked my ins.

@clairelivefreeordie2551

10 күн бұрын

How were you penalized? I can't imagine how that could even be legal?

@clairelivefreeordie2551

10 күн бұрын

​@jerrydwyer9057 were there no other common denominators? How can they penalize people who have to make a claim. If it becomes a pattern, i could understand but that's ridiculous!

@bigwillsmith50

10 күн бұрын

Consult with a public adjuster. We got people in Fl and the rest of the country to help!

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

When Ian hit Port Charlotte, insurance was a disaster, worse than the hurricane damage. Some of my neighbors just got paid and it's been 2.5yrs. Luckily, I had cash and credit cards to put supplies on to fix my own house to keep it livable. My husband and son-in-law re-roofed it. We replaced our sliding door and windows. Little by little we have made inside repairs. I received a check from my insurance company about 8 months later for 18k for the exterior house damage and 6k for personal item/interior damage. We spent 40k over 2yrs to repair our home. It blows my mind that it's not a crime on the insurance companies part after the money homeowner pay in premiums. And, then they increased the cost. AMAZING!!!!

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

The ever increasing fear of owning of a home to turn into a nightmare > the only certainly you have is prices going through the roof and end up losing everything and becoming a homeless 😮

I'm very interested in hearing what is going on with insurance. It's been TERRIBLE lately! Prices have risen to an outrageous amount per month. Many people online are upset about it.

@dertythegrower

10 күн бұрын

legalized racketeering.. like the mob used to say, (If you dont pay up any x amount we make up... somethin may happen to yur driving ability.. miss...)

@JohnSmith-zi9or

10 күн бұрын

Inflation. Bidenomics. Vote for politicians that aren't going to waste money.

@EvelinHolmes

10 күн бұрын

@@JohnSmith-zi9orfirst you have find one

@cer2299

10 күн бұрын

Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@dead2802

9 күн бұрын

​@@JohnSmith-zi9or Called pure theft.

I'm in the UK but enjoy hearing what's going on across the pond. The US seems to be the corporate greed capital of the world, though the UK isn't much better...we are on our way there

@rubenrivera5448

10 күн бұрын

Yes it is.....Welcome to the Party 😂😂🎉...lol

I had the WONDERFUL insurance company UPC insurance when my home in NE Florida was hit in 11/2022 by Hurricane Nicole. After the adjuster and inspector for UPC determined my peeled back roof as "normal wear and tear" they closed down their website, didn't answer my calls or emails and I had to get a lawyer. After a lawyer fee of 7k, settlement from FIGA (they took it after UPC left FL) for 21k, roof replacement for 21k, I have to come off the wallet for about 6k. THIS after 1yr8mo fighting in court. F*** Insurance Companies!!!

Thank you for covering insurance topic. Many people think they can avoid it by shopping around. But many of them are raising prices together. Like colluding cartels

@dertythegrower

10 күн бұрын

it is legalized racketeering (pay them whatever made up amount with no return on it... or you lose drive or purchase abilities...)

@dertythegrower

10 күн бұрын

bet it hides my reply above for being too truthy

@lindacurtis3513

10 күн бұрын

Read it ,agree ❤​@@dertythegrower

@katiemccormick8846

10 күн бұрын

@@dertythegrower Only for legal residents. Illegals need not have car insurance.

@darrell3643

10 күн бұрын

@@katiemccormick8846 So true! They don't even need drivers licenses. I see that all the time on LivePD and the like.

All insurance companies have adjusters whose job it is to chisel your claims down and limit your coverage. Mostly a Con Job.

@Pinkfrosting962

10 күн бұрын

It’s funny to me being a long time fan of Michael’s as a claims adjuster reading these comments. This mentality is why people treat me like shit every day. I’m a person who cares, not some big, rich corporation.

@andrewkaska471

10 күн бұрын

I had an adjuster come to assess damage in my home and was such a bullying idiot that I nearly had to call the police on him. So many of the impressions people have are justified.​@@Pinkfrosting962

@bigwillsmith50

10 күн бұрын

I’m a Public Adjuster we fight for the home owners! You got a guy!

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

Sometimes their policy is to deny automatically at first and once you fight back with documentation then they consider the claim.

@user-ko1tm2yo4m

10 күн бұрын

They consider the claim but they don’t have to pay up.

@cer2299

10 күн бұрын

Still, let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

Love All your videos Mike. ❤ I'm a 61yr old single female, first time home owner. Live pay day to pay day. 18.00 an hour doesn't buy much.. Your very informative & give solid advice. Thank you so much for all your hard work. 👍🥰

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

I live in Charlotte county Florida, which was ground zero for Ian, probably about half of the homeowners that I know have yet to be paid on their claims and most of them were insured by citizens. Nearly 100% of the people I know who have yet to be paid their claims have hired attorneys and filed lawsuits. We received a check for about a third of what our actual damage cost claim came to, but decided to just take it and move on. We have since decided to self ensure since we do not have a mortgage. It’s just crazy. Great video that tells it like it is!

@free-qe6wx

10 күн бұрын

Charlotte was not ground zero for Ian. Western Lee County barrier islands and Cape Coral was ground zero.

@willamfrench5058

10 күн бұрын

The eye of ian went directly over the northern part of boca grande, and directly over gasparilla island. Charlotte harbor. The storm impacted lee county worse due to the storm surge, but the eye of the storm traveled through Charlotte county. The highest winds came through Charlotte county and the barrier islands.

@mustangecoboosthpp3869

10 күн бұрын

@@willamfrench5058 Actually the eye wall edge was right against Sanibel Island, we live in Cape Coral and we were pounded for hour after hour because Ian stalled and was barely moving for several hours, Ian made official land fall in Charlotte County but it battered Lee County for hours. We had Cat 3 and Cat 4 winds and there was a reading on Sanibel Island that had a reading of Cat 5. The gusts are what really get you when it stall right off the coast.

@willamfrench5058

10 күн бұрын

No doubt, it was a huge and extremely powerful storm. Im a FL native and without question the worst storm of my 62 years of living in here.

@pinschrunner

10 күн бұрын

Florida native here and I am disgusted by the newbies or anyone arguing where the eye of the storm and the worst winds were. My house and 2 around me got hit with 107mph wind gusts in central Florida. Only homes at the ends of the streets that functioned like wind tunnels were truly affected at all. ,massive wind driven rain damage not flooding. Damage is damage and it is devastating emotionally and physically and disrupts the very center where you conduct your life. Save the one upmanship -it doesn't matter

Rates keep going up to the point that it will make sense to self insure (if you own) 🤷

@pinschrunner

10 күн бұрын

Cannot self insure for auto insurance. And I would self insure for homeowners insurance only if I had a plan B in the case of a total loss. Meaning a relative u can live with, money in the bank to pay to rebuild, a cabin or other second home to lodge you.

@The-Vinster

10 күн бұрын

@pinschrunner Yep, all valid points. You have to math it out and weigh the risk. I fall into the second home category.

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

Self insure everything bro...only way to avoid pyramid schemes

I did auto body for over 15 years, got out of the business largely because of insurance companies. Once repairs got too expensive for people to pay out of pocket, for even small accidents, the insurance companies became the boss of the industry… like a mob boss

@gorkyd7912

8 күн бұрын

Perhaps, but when I went to body shops offering cash instead of an insurance payout none of them would even call me back. So just like the mortgage business, everyone just sees the $$. Who cares that they are in debt for 30 years in a contract with a faceless bank that requires you to buy insurance, you get to buy an overpriced house! Thanks to insurance money I can't afford to pay body shops, and now I can do the repairs myself and won't have to.

@prd004.2

8 күн бұрын

@@gorkyd7912 you missed the whole point… the insurance money isn’t good

Weather modification is a new risk that insurance companies have to quietly endure....but openly pass the cost on to us.... The industry has become redundant

@Joseph-fh9qe

10 күн бұрын

I agree but we also have the Grand solar minimum rocking our whole world

@johnvincent4048

10 күн бұрын

​@Joseph-fh9qe You are correct. Since the mass coronal ejection in May the weather has been very active.

@dertythegrower

10 күн бұрын

Hugely done, many countries now.. and openly reported by the news in local areas they do it.. usually silver particles in flares attached to small cessnas, to make clouds faster

@dr.michaellittle5611

10 күн бұрын

It’s called climate change, not weather modification.😂

@pinschrunner

10 күн бұрын

My adjuster after Hurricane Ian mentioned that to me. The insurance companies know and are colluding. They get theirs

any insurance company that turns tail and runs out of Fl shouldn't be allowed to operate in the state in the future

Insurance companies are the new mafia...😅 Homeowners who can self insure are sitting in the best position...

Insurance companies should be nonprofit organizations.

@strokeracp1

10 күн бұрын

Along with the healthcare system ❗

1/3 of 2023 Florida Home insurance claims were DENIED...

@Juliet875

10 күн бұрын

And the rates keep skyrocketing here in Florida. SMH Unbelievable!

@Turbo5150

10 күн бұрын

Yes, most of which are flood or wind hail coverage which most carriers in Florida exclud or you have to purchase a rider. You get what you pay for read your policy....

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

They keep raising rates, but good luck filing a claim

@AssetAddict

10 күн бұрын

That's any insurance.

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@ytrefugee113

10 күн бұрын

Agreed, this seems to beacross the board with these insurance companies, i have usaa and its the same thing with their ceo. What exactly do the ceo's do for these companies that warrants such high salaries and bonuses??? Im so tired of hearing the excuse of "we have to offer this to draw the best and brightest". These ceos dont do anyrhing but sit in an air conditioned office and collect their undeserved check. It is absolutely ridiculous that were mandated by law to buy their product/service, yet when we try to redeem what weve paid for, (file a claim), they dont have to deliver. And often they get away with this because they have the money to buy off the politicians and "regulators"

State Farms proclaims its the #1 insurance company denying 50% of all claims. 🤬

@jackiefeliciano718

10 күн бұрын

They are the worse. My son had 1 claim and they raised his premium, now it's almost as much as his car payment

@BearGri11z

10 күн бұрын

​@jackiefeliciano718 good I have no claims on any insurance over 14 years. My premiums went up for no reason I live in the Midwest. People who cause accident should pay more

@jackiefeliciano718

10 күн бұрын

​@@BearGri11z1:32 that's the funny thing which is why I was shocked they denied his claim. His car was parked at his student campus apartment, and was hit by an object. He filed a claim for body damage and they raised his premium even after getting a report. They want u to pay for years, but never use the coverage!

@ericb8413

10 күн бұрын

Greed to the max.

@ag4allgood

10 күн бұрын

@@BearGri11z Or people that live in Hurricane prone areas need to pay much more 🤑💰💰💰💰 !

I live in California. My home owners insurance went up 100%. I increased my deductible and cut other coverage to get the premium increase to "only" 50%. I have a 1 year old house, all of the fire sprinklers, cement roof, all safety features, and no EV charger... and still huge increase.

@JBoy340a

10 күн бұрын

Strange. Our insurance in CA went down. I wonder if it is the newness of you home. If it is a new neighborhood the second year usually goes up as they get a claim basis when moving from construction to owned.

@gorkyd7912

8 күн бұрын

Cost of houses and cars went up, therefore cost to insure them went up.

Thank you Michael for bringing up the insurance situation!

State Farm just announced they were canceling 72,000 policies because the insurance commission wouldnt approve a rate increase.

@JNoMooreNumbers

10 күн бұрын

Makes no sense now they lost money.🤔

@user-qv3uv3ur4x

10 күн бұрын

Byeeeee👋🏽

@oldhag2881

10 күн бұрын

I think that was in CA.

@kenchu5900

10 күн бұрын

Cancelling a policy is fine as I can always look for another insurance company, but deny paying out on a legit claim is not okay at all.

@Turbo5150

10 күн бұрын

Why would a company stay in a market they can't be profitable? Do you understand basic economics?

Loved this insurance video! Sadly the insurance situation here in CA is pretty bad too because of all the wildfires. My car insurance went up 17% with zero tickets, accidents or claims. They said it was because of inflation. The homeowners premium stayed the same thank God. I worked in commercial insurance for many years but got out of the industry in ‘08. I couldn’t stomach being part of that system which I found corrupt so I switched careers after 15 years in it. So glad I left it in the rear view mirror.

Thanks Micheal please keep the insurance info coming it well rounds out your channel 😊 we’re all getting hit w increasing premiums car house umbrella

But aint all insurance companies like that? They want you to pay your premium to them. But when it comes to them to pay you, they won't pay you or they keep your waiting to get paid. But I want them money from you're very fast. How hypocrisy is that?

@tomsmith-rj3vw

10 күн бұрын

They want depopulation homeless people.

@jayelder9725

10 күн бұрын

Insurance checks your credit and records and they still don’t pay claims. What a scam.

@cer2299

10 күн бұрын

Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@skapunkoialternativeliving6522

10 күн бұрын

@@cer2299 I agree a 100%. We should turn the tables on the insurance companies. You're absolutely right. My friend, that's a great idea. But too many weak people won't do it. That's the problem.

I love how you address this topic with such honesty.

@AssetAddict

10 күн бұрын

You mean, ignorance. Which yeah.

@fcoram72

10 күн бұрын

I don't trust insurance companies. I am self insuring my property in Texas.

@keyisersoze

10 күн бұрын

@@AssetAddict Finance and insurance are massive scams. Real estate, too. New York real estate is worth more than all the corporations in America. Now, ask yourself what that real estate produces.

@BREEZYM6015

10 күн бұрын

Hi Nancy.

@BREEZYM6015

10 күн бұрын

​@AssetAddict Ignorance? How do you figure?

At one time insurance companies assumed risk. In fact, that was their entire purpose. That business model is now obsolete. They have become like the pharmaceutical industry / gravy train- sickening profits, and never enough. This country has been on a downward spiral for some time. We are at a point now that nothing can stop the inevitable, the demise of the United States as the global standard and leader. How I long for the days when politicians left office, and slightly leveraged their improved resume, so they could obtain higher paying jobs. Now the norm is they leave office worth millions.

@cer2299

10 күн бұрын

Exactly!! It is a giant farce/scam. Auto insurance used to cost 15 bucks a month. Been paying mine for 26 years with three minor claims. They clearly made money on me. Let's turn the tables on the insurance companies. We should stage a walkout/boycott and see what happens lol. Lets announce a non-renewal for these two insurers. Wilson, Allstate's CEO, President, and Chair, has a total yearly compensation of $16.49 million. This compensation is made up of 8.4% salary and 91.6% bonuses, which include company stock and options. Wilson has been CEO of Allstate since January 2007 and also owns 0.51% of the company's shares, enough to support a small city, but apparently not enough to pay claims. State Farm CEO Tipsord received a total of $24.4 million in compensation in 2022, most people will never see that much money in a lifetime yet that is one years pay, and they can't pay claims? I wonder where people who make this kind of money live? Not like the rest of us obviously...

@DR4296

8 күн бұрын

Greed in business has gone bonkers. And their being-in-bed-with the government is now practically universal: They all want to suck-up to those government $$$.

Great video Michael. Best tip is shop around constantly. Insurance companies view loyalty as stupidity. Swap every couple years as much as a pain that is

@steves3688

10 күн бұрын

I have lived for decades and shopped my insurance annually..im with progressive now for 3 years and they have been the fairest insurer I have ever had... And I had a auto claim and they paid promptly... Not a plug for them . Just my experience with them ...I will still shop them if they get too high but so far, they haven't...

As far as car insurance , I had my car hit twice while it was parked, parked, Allstate raised my insurance , not that I had an accident, but because I had two incidents , the broker said to me after he got off the phone with them basically they were raising the cost of the policy because they considered the policy holder as having bad luck, yup you heard that correctly, bad luck, with them over 20 years without “ bad luck “ this is what they treat you like,

Insurance is an important topic, I have learned a lot from your videos. The skyrocketing cost is not just in Florida, it is all over for what ever excuse and we must pay if we have a mortgage.

When I was in a relatively minor car accident, all the airbags went off. The insurance company totaled it. The car was less than a year old. But because of the mileage I put on it between work and my hobby I was going to be out several thousand dollars to replace it. But then I discovered that the dealer who tried to take advantage of me by getting me to pay for all kinds of insurance I didn’t even understand I had GAP insurance on it. That means THEY pay for the difference in value of the car and what a new one is worth. So I got a brand new car for basically nothing. When I purchased that new car I said, I’ll take the GAP insurance again. Hell yeah. But you have to know you have it and you MUST fill out the proper paper work within 30 days or you lose it. I almost didn’t file not knowing what I had been paying for.

@Pinkfrosting962

10 күн бұрын

Exactly what I’m saying, people are most upset when they want coverage they didn’t purchase. Love reading the truth that when you have coverage, it’s all good. He wasn’t taking advantage of you. He helped you!

@dennyfie

10 күн бұрын

A friend of mine in Tx.slways bought that gap insurance.

@pinschrunner

10 күн бұрын

Is car gap insurance only good for the 1st year after purchase?

@steves3688

10 күн бұрын

A word of helpful information... Many auto insurance companies offer gap insurance for your vehicles that is WAY cheaper than what the scam dealers sell you ... Call your insurance company and ask for a quote and see! It is usually very reasonable...

@Arienrhod

10 күн бұрын

Air bag deployment always equals total loss.

Never fall in love with your insurance company. Shop around and compare...

@appleforever6664

10 күн бұрын

That’s not always possible. There are a lot of insurance companies out there who are not taking new customers so shopping around is not an option for most people.

One of the biggest scams I see in insurance policies is the underinsurance clause. Which basically means if you don't insure for what they say is enough if you might get screwed over for a small claim.

Thanks for talking about all this mess in the insurance world. I had my homeowners insurance checked on last week after it went up almost $200

State Farm is the worst! I had a bad auto insurance experience with them a long time ago. I've been Progressive customer for 25+ years.

I dumped Allstate a couple years back. Never looking back to getting homeowners insurance from those con-artists.

Great job Michael !!!! People Are Insurance POOR !!!! I've always believed that insurance is like betting against yourself. I drive around in older cars, each having more than a quarter million miles and over 35 years old. Just have liability and they are easy to work on.

@rubenrivera5448

10 күн бұрын

Nicely said....

It’s always good to shop around once a year , even if you don’t change your insurance company , they will find out from the other companies do searches on you and your search history , that will tell them you might be interested in changing , and maybe not increase as much next go around……. Maybe, plus it doesn’t hurt to find out what others are offering

Actually your best video recently. Not enough people talk about the scam artists known as insurance companies.

The money insurance agent makes and what they do is a big issue just like realtors over paid and rip offs

The homeowners insurance nightmare is what has kept me from considering a move back to FL. Wish it were different.

@daraledet542

10 күн бұрын

Same here.

I had a 16 year old rear end me at a red light, admitted fault, and her insurance covered it no questions asked. MY premiums went up afterwards. I switched and got a better rate, but the new provider also noticed the incident and raised my quote from the original number. For somethjng that was admittedly and objective not my fault in any way. 😂

@utpharmboy2006

10 күн бұрын

what state are you in?

@Mr_BUSINESS_24_7

10 күн бұрын

happened to me to. they see you as a risk. They honestly believe that people like to hit you specifically. Like you're a target. Is such dishonesty.

@KorthyV2

10 күн бұрын

@@utpharmboy2006 Wisconsin

@KorthyV2

10 күн бұрын

@@utpharmboy2006Wisconsin.

@KorthyV2

10 күн бұрын

@@Mr_BUSINESS_24_7I found it especially funny that they openly admitted it to me. My agent even laughed and agreed it was bogus.

Insanity that Oklahoma has the highest homeowners insurance and probably very like on the standard of living in the entire US. Thank you Michael for the incredible info.🙏

You have to hire an attorney and split your PAID FOR policy with the attorney

The disheartening aspect of the United States is that even when you successfully accumulate savings, unforeseen circumstances can swiftly deplete them. I dedicated five years to building a substantial reserve for unexpected situations. However, a few months ago, I suffered a severe back injury, and my savings vanished in an instant, despite having insurance coverage. This raises the question: what is the appropriate amount? How can one ever attain a sense of true security?

@BridgetMiller-

6 күн бұрын

In the United States, each insurance plan has an annual cap on the amount an individual can spend on healthcare services. Once this limit is reached, any additional expenses are covered, resulting in essentially cost-free care. The specific cap varies depending on the chosen plan, generally falling between $1,000 to $6,000. It seems your savings were likely in that range. However, this amount might not provide substantial security. In my case, I'm covered by my employer's insurance plan, which features an out-of-pocket maximum of $5,000. Should I face a medical expense of $40,000, I would only need to pay $5,000, and any further healthcare needs within that year would be covered entirely due to reaching the maximum. This framework, made possible by Barack Obama's Healthcare reform law, has significantly improved healthcare accessibility in the USA. The guidance of my financial advisor has also played a role in navigating this system.

@tatianastarcic

6 күн бұрын

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

@berniceburgos-

6 күн бұрын

this is great! think your advisor would get on the phone with an unknown? i'm in dire need of proper portfolio allocation

@tatianastarcic

6 күн бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@Michaelparker12

6 күн бұрын

thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply

Yeah, even USAA is starting to suck.

@shirtlesslager

10 күн бұрын

USAA has sucked for years. Really bad. It used to be the gold standard. Sad.

@extractedentertainment8213

9 күн бұрын

Really? Saved me $720/year switching (back) to them, Progressive was charging me that much more and it wasn’t even full coverage.

@DR4296

8 күн бұрын

I don't have them, but I have two family members who've had to deal with accidents CAUSED BY their members. They are terrible at paying out.

@winluvwinluv3734

8 күн бұрын

@@extractedentertainment8213 I left progressive years ago and returned back to them. They used to be excellent, but after the pandemic they have gone down.

@winluvwinluv3734

8 күн бұрын

@@extractedentertainment8213 I did the same years ago, but after 2020 they have changed and not for the better.

People purchased homes in Florida which in some areas tripled or quadrupled in value over the last decade and get annoyed when the insurance rates go up.

After I paid off my car a few weeks back, I immediately called up my insurance company and raised my deductible as well as eliminated the comprehensive.

The goal is not to pay money it is to collect money I am not sure why people are just figuring out this is a s long running scam

@jonathanchimaras5428

10 күн бұрын

This. You can see this from miles away

I built my own house with by cashing out my 401K, a Beautiful house on a high lake full of restaurants and grocery stores and I have no insurance and no mortgage ! Time to think outside the box everything is a high trap right now! Forget keeping up with the Jones, I think everyone should just go off the grid until thing get better and it will get better it always does 😊!

@giselawatson2203

10 күн бұрын

Go off grid in Florida you go to jail. I kid you not.

@poodledaddles1091

10 күн бұрын

Definitely time to downsize or live in what you can afford to lose.

@jonathanchimaras5428

10 күн бұрын

​@@giselawatson2203lol what?

I paid off my NJ home 25 years ago. First thing I did was cancel my homeowners insurance . I’m ahead of the game, and at 71, even if my home would be complete destroys, the land is still worth 300,000 because of its location.

I always enjoy ur videos, Michael. I want to know what's going on - rather than get shocked when things happen. For most people, things are getting way too expensive and out-of-control. See You in the Next One!!!! Sandy, Oxnard CA

@Lisithedogwalker

10 күн бұрын

❤🙏💕🙌🎉

Nobody out in those neighborhoods. I find it similar to here in Virginia. People hide in their homes. Front yards are kept nice, not to use, just to be seen by others.

@shirtlesslager

10 күн бұрын

Many people live to 1) eat and 2) shit. They sit in their boxes and watch TV. Their lives are as meaningful as their neighbor's dog.

Its should be for everybody, have ppl seen the salary of these CEO’S., State Farm CEO makes $24.4M, Travelers make $20.8M, Allstate makes $18.9M, Liberty Mutual makes $15.4M, GEICO makes $13.6M, Progressive makes $12.7M we can go on & on you get the point and won’t take a pay cut, what that tells you? So ppl watch this video is very informative👍

@dondgc2298

10 күн бұрын

@@guzmancharles7 The CEO of State Farm makes a tenth of what you claim. Please share your sources for your claims.

@guzmancharles7

10 күн бұрын

@@dondgc2298 it’s in the Insurance Business Webpage.

It reminds me of how stores will overcharge you when scanning the prices and they don't get charged with theft

Glad you're talking about this. I've seen quite a few past clients of mine whose insurance in FL has skyrocketed. Also, I have been seeing condos do more special assessments due to their insurance costs going up.

Pay off your house and put them out of business.

@shirtlesslager

10 күн бұрын

Have to have the money saved to rebuild, even if you own the house outright. I do, and I do.

@healthyone100

10 күн бұрын

@@shirtlesslager you really don't own your house stop paying your property taxes and see what happens!

Good video, Michael! You found your calling.🎉

Mike thank you for covering the insurance topic!! I get major value out of the information you present

The most common condo insurance claim is for broken or leaking pipes and that requires a special endorsement added on your condo insurance policy.

If you do get paid, your premiums soar next renewal & stay soared for years till they have it back.

@janityy

10 күн бұрын

That is a scam than ,and I asked below please explain to me than why if a person holds a mortgages it's a law to have homeowners insurance???? This seems unfair and like a scam I need an honest answer please for my Real estate notebook

@TheSuperdodgy

10 күн бұрын

They increase everyones premiums.

@janityy

10 күн бұрын

Than maybe I need to get better at investing so I can learn how this Game is played and cash in

@TheSuperdodgy

10 күн бұрын

@@janityy It's to cover the bank if the home is destroyed.

@jamesward5721

10 күн бұрын

@@tulmenkov You live in your car? This is about home insurance.

Thanks for the information!!❤

Dental insurance is turning out to be a scam too. None of them take my insurance. They call it “out of network “, as they call most insurances. So basically, I end up paying 80% of whatever my problem is.