California's last-resort home insurer is getting a $1 billion bailout. Homeowners could be on the hook for some of the bill.
The bailout will be funded by the state's private insurers, but a new rule says they they can pass up to half of the cost on ...
State Farm Was All In on California—Until It Pulled the Plug Before the Fires
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies ...
Los Angeles Magazine on MSN11h
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 emergency 22% increase for California premiums, but critics cry foul
Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an ...
State Farm asks for approval to increase California home insurance rates by an average of 22%
Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California ...
California FAIR Plan gets $1 billion assessment to head off insolvency
It means California property owners will likely be billed from their private insurers to help compensate the FAIR Plan.
State Farm asks California to approve rate hikes after wildfires
State Farm is asking California's insurance regulator to approve an emergency rate hike due to the number of claims it ...
State Farm Asks California to Approve ‘Emergency Hike’ in Rates Due to Southern California Wildfires
"SFG needs your urgent assistance in the form of emergency interim approval of additional rate to help avert a dire situation ...
State Farm asks for insurance rate hike of 22 percent after L.A. fires
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in ...
California State Farm homeowners frustrated by rejected water damage claims. ‘No basis’
State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...
East Bay Times8d
State Farm seeks 22% rate hike for California homeowners to cover Los Angeles wildfire losses
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike ...
Wall Street Journal5d
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 ...