State Farm Was All In on California—Until It Pulled the Plug
In 2022, State Farm’s board of directors learned there was a one-in-20 risk every year of fire that could cripple the California subsidiary, a person close to the situation said.
California wildfire backlash: State Farm, other insurers slammed …
Jan 9, 2025 · The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the state due to regulations that make it hard to price …
State Farm asks for more insurance rate increases after LA fires
Feb 4, 2025 · State Farm, the largest insurer for California homeowners, this week asked the state to approve “emergency” rate increases for insurance policy holders, saying the recent …
State Farm seeks emergency rate increase averaging 22% after L.A. fires
Feb 3, 2025 · State Farm General, California’s largest home insurer, asked state officials for an emergency rate hike averaging 22% Monday, saying the Los Angeles County fires have put …
State Farm Seeks an Urgent Increase in California Rates After Fires ...
Feb 3, 2025 · State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers, the company said. It expects to pay out …
Thousands of Los Angeles homeowners were dropped by their …
Jan 20, 2025 · About 1,600 policies in Pacific Palisades were dropped by State Farm in July, California Department of Insurance spokesman Michael Soller said in an Thursday email to …
State Farm® is here to help California customers impacted by wildfires
Catastrophe Customer Care sites are open in California for customers to walk-up for claim assistance and help with general questions.UPDATE: Due to declining in-person customer …
State Farm’s California insurance woes could worsen with fires
Jan 17, 2025 · State Farm is the largest insurer in California and has significant exposure in Pacific Palisades and other fire areas of Los Angeles County. Months before the Los Angeles …
California insurer canceled policies months before Los Angeles wildfires
Jan 8, 2025 · State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades—the same area which is now being …
State Farm offers policy renewals for homeowners ... - NBC Los …
Jan 16, 2025 · State Farm, one of the largest insurers in California, announced Wednesday that it will offer policy renewals to homeowners impacted by the wildfires that erupted in the Los …