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Canceled by Insurance Company for "Too Many Claims"?

Guthrie Insurance

Item of interest from the USA. Any thoughts? Is it fair that an insurance company should be allowed to do this? If not, is it more fair to increase rates for other policyholders, most with no losses, to compensate for those that have had disproportionately more claims? When insurance companies collect and manage premiums there is just so much money to go around. If more is needed in the "pool" because of situations like this the only source of additional funding is through higher premiums.

Click - USA article and video on being dropped by State Farm Insurance for having too many claims.

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