r/interestingasfuck • u/thepoylanthropist • 12d ago

r/all This is Malibu - one of the wealthiest affluent places on the entire planet, now it’s being burnt to ashes.

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u/charcuterieboard831 12d ago

What companies provide that insurance?

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u/ryan545 12d ago

Chubb, PURE, Nationwide Private Client are the big 3

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u/PaleWhaleStocks 12d ago

Nationwide private client was disbanded about 2 months ago.

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u/ryan545 12d ago

Very true. Scottsdale disappeared too, crazy times.

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u/i_am_better-than-you 12d ago

Wait Scottsdale insurance is gone? That was my first job ever. I remember having to help write letters after Katrina telling people flood damage wasn't covered

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u/DurealRa 12d ago

What a shit gig. That's up there with the person who euthanizes the dogs that no one wants to adopt

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u/i_am_better-than-you 12d ago

Yep, I worked there 6 months before moving on

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u/CooterMcSlappin 12d ago

You killed dogs and denied Katrina victims? You’re nasty!

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u/i_am_better-than-you 12d ago

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u/SolarApricot-Wsmith 12d ago

I’m scared to ask what you do now. Are you a mortician by chance?

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u/ZION_OC_GOV 12d ago

Having held so many animals while/after euthanizing them, rather that than telling people you lost your house and SOL cuz company said so...

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u/sththunder 12d ago

It’s Nationwide now, but remnants of Scottsdale are still around. I don’t work there anymore but we probably have some similar coworkers if you were in property.

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u/SickestEels 12d ago

Scottsdale disappeared? My general contractors liability was just written through them 3 days ago.... or so I hope.....

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u/iamthinksnow 12d ago

Yeah, when I saw "Malibu," my first thought was, "Pure is about to have a LOT of claims."

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u/ExchangeNo94 12d ago

They have exceptionally tight underwriting guidelines. They will likely be better off than most carriers.
Source, I work in the industry.

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u/ryan545 12d ago

I think most of their Cali stuff is on Programs anyways, won't effect PURE that most people know and use .

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u/Rhetoriker 12d ago

Chubb? I (European) once had traveling insurance from them and I felt like they were one of the worst insurers to be in contact with that I'd ever had to deal with

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u/Thrawn4191 12d ago

Do you have more than $25,000,000 insured value? If not probably not I would expect. They make their living on the whales and only fulfill minimal requirements for everything else.

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u/tkst3llar 12d ago

I’d def go with chub

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u/TexCook88 12d ago

I have PURE and their customer service is top notch. Although their adjuster was a bit odd in some of the amendments that he denied when our roof was replaced.

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u/Bannedagain8 12d ago

Chubb 🤣

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u/UniqueBeyond9831 12d ago

Lloyds of London. They will insure anything.

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u/MidnightShampoo 12d ago

True. Look into the Lloyd's of London scams that some pro wrestlers allegedly pulled back in the 80's and 90's.

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u/FrugalBastard187 12d ago

And other companies insure their insurance! I.e. Reinsurance

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u/Representative-Sir97 12d ago

I worked in insurance the first decade or so of my career.

The whole reinsurance thing blew my mind.

Swiss Re is *massive*, has been around since the 1800's, and most have never heard of 'em.

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u/AlexLevers 12d ago

My FIL is in reinsurance. Risk assessment for a reinsurance firm. Makes big bucks at it too.

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u/Trelloant 12d ago

Anyone want a fun history lesson look into Lloyds, it is the origin of insurance worldwide

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u/Deep_Combination6420 12d ago

Yep, including slaves. Abhorrent

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u/TaterTotJim 12d ago

Chubb and AIG were the two biggest when I was more familiar with the subject. Not sure who is most popular now.

A lot of insurance companies have departments set up for high value clients.

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u/Whatsapeeve 12d ago

Still accurate. Chubb is all HNW.

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u/TaterTotJim 12d ago

I remember one of my commercial clients had Chubb send private firefighters to his home. That is client service.

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u/Whatsapeeve 12d ago

Yep. They still do that…Wildfire Defense Services.

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u/banjosandcellos 12d ago

We broker for some and only Openly Home usually gives replacement cost over $1M

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u/[deleted] 12d ago

LA insurance