"It's not you, It's me" insurance company broke up with me

[Mario Morales]

I got this email from my provider, thoughts on why they called it quits?

We will not renew this policy when it expires. Your insurance will cease on the expiration date
and time shown above.
Non-Renewal reason: We will not be able to offer renewal on this account due to the individual scoring
on this account computed by proprietary algorithm assessing 1st and 3rd party data, vision and AI
assessments has determine that this risk would underperform against industry results and company
underwriting goals.

[Michael Norris]

The entire industry is losing money at the moment and they are looking to tighten down the risk and raise rates as fast as the states dept of insurance will allow. Things like age of home, location, your previous claims history, and credit score will be taken into account. 

The carriers are doing re-inspections of homes and something as stupid as a shovel leaning up against a garage could be called "debris" and be used as an excuse to cancel you or a branch hovering over your roof. Everyone's house has an issue if you look close enough. 

I know - boo hoo poor insurance companies.

Think of it this way - if 95% of the banks in the US were losing money on their mortgages what would happen to lending? That is what is going on with home and auto insurance at the moment.

If you have friends in the industry check in on them they are not ok lol.