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 conditions change. *State Farm General Insurance Company is …
Can California Fire Victims Sue State Farm for Dropping …
Jan 12, 2025 · State Farm CEO Denies Hardin wrote in a March 2024 letter to California Insurance Commissioner Ricardo Lara that the insurer's strained finances forced their hand in reducing exposure to risk, and ...
Thousands of Los Angeles homeowners were dropped by their ... - CBS News
6 days ago · An analysis of insurance data by CBS News San Francisco last year found that State Farm also dropped more than 2,000 policies in two other Los Angeles ZIP codes, which include the Brentwood ...
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, nine months after announcing it would not issue new home policies in the state.
Why are State Farm and others leaving California's home insurance …
Mar 29, 2024 · The crisis reached new heights last week when leading insurer State Farm General announced that it wouldn’t renew 72,000 property owner policies statewide, joining Farmers, Allstate and other...
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 claiming it’s in financial...
State Farm to offer renewals to all L.A. County policyholders …
Jan 15, 2025 · Jon Farney, chief executive of State Farm Mutual Automobile Insurance Co., parent of California subsidiary State Farm General, told the Times in an interview Tuesday that the fires already are the ...
State Farm’s California insurance woes could worsen with fires
Jan 17, 2025 · State Farm General was split off from its national parent company, State Farm Mutual Automobile Insurance Company, in the 1990s. The separation means the company’s California losses are confined ...
State Farm Discontinuing 72,000 Home Policies in California in …
Mar 21, 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, nine months after...
State Farm no longer accepts homeowner insurance applications in ... - NPR
May 28, 2023 · State Farm has stopped accepting homeowner insurance applications in California, citing the growing risk from catastrophes like wildfires and the rising cost to rebuild.