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California, State Farm and wildfires

Hosted on MSN · 13h

Who Is Jon Farney? State Farm CEO Faces Fury Over California Insurance Cuts

State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades.

Washington Examiner on MSN · 1d

State Farm canceled California homeowners’ insurance policies months before wildfires

State Farm canceled hundreds of homeowners’ insurance policies for residents in many of the same areas now in the path of the Southern California wildfires. The insurance company’s reasoning for canceling policies for people living in Pacific Palisades in Los Angeles County,

Fox Business on MSN · 1d

California wildfire backlash: State Farm, other insurers slammed for dropping coverage

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.

Insurance crisis looms in California

The Baltimore Sun · 1h

Insurance crisis looms in California as fires ravage communities

Insurance companies and rates haven’t kept up with increasingly catastrophic events like the California wildfires or hurricanes that recently hit Florida, Tennessee and North Carolina. It can put

The New Yorker · 8h

The Insurance Crisis That Will Follow the California Fires

In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.

The Washington Post · 1d

An insurance crisis was already brewing in L.A. Then the fires hit.

The Los Angeles wildfires could threaten California’s already unstable insurance market, which carriers have been fleeing as disasters multiply.

18hon MSN

California insurance crisis: List of carriers that have fled or reduced coverage in the state

California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...

13hon MSN

Insurance Company Stocks Fall as Damage Estimates from California Wildfires Rise

Insurance company shares fell Friday as the massive wildfires in California are now estimated to have caused $135 billion to ...

7hon MSN

California insurance commissioner issues 1-year moratorium to protect Southern California homeowners

The California insurance commissioner issued a mandatory one-year moratorium on non-renewals and cancellations to protect ...

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