State Farm slammed for seeking up to 38% policy hike after wildfires
3 days ago · 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.
State Farm asks for more insurance rate increases after LA fires
2 days ago · State Farm has received more than 8,700 claims and paid more than $1 billion to its customers in the state as of Feb. 1, the executives said. “We know we will ultimately pay out significantly more, as these fires will collectively be the costliest in …
State Farm seeks emergency rate increase averaging 22% after L.A. fires
3 days ago · 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.
State Farm Seeks an Urgent Increase in California Rates After Fires
3 days ago · 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.
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 CBS MoneyWatch.
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 for risk.
State Farm seeks an emergency insurance rate increase after LA
4 days ago · State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire ...
State Farm® is here to help California customers impacted by wildfires
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.
State Farm’s California insurance woes could worsen with fires
Jan 17, 2025 · State Farm’s finances were a worry even before L.A. fires. Here’s what we know about its ability to pay claims going forward. State Farm is the largest insurer in California and has significant...
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 ravaged by a devastating...