To the editor: All the time conspicuously absent from each the protection and dialog about escalating insurance coverage prices is the obscene quantities insurance coverage firms spend on promoting their merchandise. (“Got an apartment and need some renters insurance? Be prepared to pay more,” Dec. 27)
Spending tons of of tens of millions of {dollars} on multi-millionaire pitchmen to hawk its merchandise whereas concurrently elevating charges is a transparent illustration of greed run amok. The business’s good-neighbor-slogans belie its intent to fleece its prospects at each flip.
Invoice Waxman, Simi Valley
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To the editor: State Farm canceled the coverage on my Mid-Metropolis condominium constructing after 30 years of protection. This was after by no means even submitting a declare. The corporate is seemingly getting out of the enterprise of insuring condominium buildings, no matter location.
Your article on the issues of renters getting condominium protection was solely half of the story. As an proprietor of a small “mother and pop” constructing, I used to be in a position to get a brand new coverage that value 3 times as a lot as my outdated one.
The place is the outrage from the state Division of Insurance coverage when a serious provider is declining to do enterprise within the metropolis of Los Angeles and the price of protection will increase astronomically? I do know I will probably be voting for one more insurance coverage commissioner.
Steven Pokress, Santa Monica
