State Farm Was All In on California—Until It Pulled the Plug Before the Fires
The insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of ...
Los Angeles Magazine on MSN1d
State Farm Seeks 22% Rate Hike for California Homeowners
State Farm is requesting a 22% rate increase for California homeowners, citing $1 billion in recent claims and mounting ...
State Farm asks for more insurance rate increases after LA fires
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
Consumer Watchdog says State Farm shouldn’t ask Californians to pay more
As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...
HousingWire5d
Insurance exodus left many properties unprotected from the LA fires
California’s largest private insurer dropped policies in high-risk areas, leaving homes financially unprotected from last ...
Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed
The post Google Maps Shows True Devastation of California Wildfires as Total Cost of the Damage Is Revealed appeared first on ...
Mint5d
State farm was all in on California—until it pulled the plug before the fires
After the pandemic, most home insurers were fleeing wildfire-prone areas of California. But State Farm was there—and making a huge bet. It gobbled up market share—and generated substantial ...
Climate-driven insurance crisis
Amidst our evolving climate realities, many Americans are feeling the financial pinch of the climate crisis in insurance ...
Column: California farmers bought Trump’s election pitch. Now they may pay the price
California's farmers bought Trump's election pitch. Now they may pay the price in tariffs, a trade war and immigration raids.
FAIR Plan to assess insurers $1 billion for L.A. fires; consumers may be on the hook for nearly half
The California FAIR Plan, the insurer of last resort, received approval to assess member carriers $1 billion to help pay its ...
valuepenguin6d
State Farm Requests 22% Rate Hike in California
One such disturbing figure: In the wake of the flames, State Farm, California’s largest insurer, is requesting an allowance to raise homeowners insurance rates by an average of 22%. The letter to ...