1 天前 · State Farm has come under heavy criticism for seeking a 22 percent rate hike, with a 38 percent increase for renters, in the wake of the devastating California wildfires.

1 天前 · State Farm faced backlash at the height of the wildfires over a March 2024 announcement that it would discontinue coverage of 72,000 home and apartment policies in the summer. In March 2024, the ...

21 小时之前 · State Farm General, the largest provider of Fire insurance in California, has requested an emergency rate hike of 22% for homeowners following one of the most expensive natural disasters in U.S ...

1 天前 · Insurance companies, including State Farm, have been pulling back on offering coverage in the state, forcing some homeowners to go without fire insurance or to use the state-sponsored insurance ...

State Farm is making a $2 million commitment to support relief efforts in the areas most impacted by the California wildfires. These funds will provide support for critical needs including shelter, food pantry supplies and other resources to help communities recover.

1 天前 · 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 significantly more.

1 天前 · State Farm General’s preliminary financial results show its policyholder surplus was just $1.04 billion at the end of 2024 — down from $4 billion in 2016, according to the company.

1 天前 · State Farm General asked Monday for an emergency rate increase averaging 22%, saying the Los Angeles County fires have put California's largest insurer in dire financial straits.

2025年1月9日 · 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 for risk.

2025年1月20日 · 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 CBS MoneyWatch.