California wildfire backlash: State Farm, other insurers slammed …
1 day ago · State Farm, the largest home insurance company in California, announced in March 2024 that it would discontinue coverage of 72,000 home and apartment policies in the summer.
Thousands of Los Angeles homeowners were dropped by their ... - CBS News
1 day ago · An analysis of insurance data by CBS 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, Calabasas ...
State Farm canceled California homeowners’ insurance policies …
State Farm canceled hundreds of homeowners’ insurance policies for residents in many of the same areas now in the path of the Southern California wildfires. The insurance company’s reasoning ...
Los Angeles wildfires magnify California's 'insurance crisis' as ...
1 day ago · The state Department of Insurance issued a new regulation last month meant to turn the tide of some of the largest insurance companies' refusal to take on new customers in California or decisions ...
California Insurer Canceled Policies Months Before Los Angeles ...
2 days ago · State Farm President and CEO Denise Hardin wrote to California Insurance Commissioner Ricardo Lara last year: "We are acutely aware of the political challenges that the actions needed to improve ...
State Farm General Insurance Company: Update on California
Mar 20, 2024 · These actions are California-specific and will occur on a rolling basis over the next year, beginning on July 3, 2024, for homeowners, rental dwelling, residential community association and business owners policies and on August 20, …
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 will no longer offer home insurance to new ... - NBC News
May 27, 2023 · Beginning Saturday, State Farm General Insurance Company will stop accepting new applications including all business and personal lines property and casualty insurance, the company said in a...
Why State Farm isn't selling new California home insurance
May 31, 2023 · State Farm in a press release blamed high construction costs that make it extra expensive to rebuild after a home is destroyed in California, growing natural disaster risk — particularly from wildfires — and “a challenging reinsurance market.”
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.