State Farm Slammed For Seeking Up to 38% Policy Hike Following ...
Feb 4, 2025 · 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 Was All In on California—Until It Pulled the Plug
In 2021, State Farm asked California regulators to approve a 6.9% rise in home-insurance rates, less than a quarter of the 31% increase its own in-house calculations showed was needed to …
State Farm discontinuing 72,000 home policies in California in …
Mar 22, 2024 · SACRAMENTO, Calif. (AP) — State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week, …
State Farm accused of funneling excess profits to parent - Los …
Oct 28, 2024 · State Farm General, California’s largest home insurer, is being accused of boosting the profits of its parent company at the expense of state policyholders — while …
Thousands of Los Angeles homeowners were dropped by their ... - CBS News
Jan 20, 2025 · Homeowners in California could get help from a new state regulation, announced Monday, that will require insurers to offer coverage in wildfire-prone areas. The ultimate goal …
State Farm discloses zip codes where it will drop coverage for …
Oct 12, 2024 · At the end of August, State Farm revealed the zip codes this pulling of protection would affect in California. What's happening? According to CBS News, the largest insurer in …
State Farm General Insurance Company: Update on California
Mar 20, 2024 · State Farm General’s May 2023 decision regarding new applications remains unchanged. We will evaluate the need for any additional business actions as market …
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 makes major policy change amid LA fires outrage
State Farm updates a crucial policy amid LA fires. However, it appears that State Farm is switching gears in the midst of the devastating fires and consumer backlash.
Why are State Farm and others leaving California's home …
Mar 29, 2024 · Major insurers have pulled back from California's homeowners market, citing wildfires, inflation and other challenges.