California’s insurance commissioner denied State Farm’s request for a 22% rate hike to cover fire losses. But when the fires ...
California’s home insurance market is running out of worst-case scenarios. But one threat still looms large: further pullback or even a complete exit by its biggest player by far, State Farm General.
Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – ...
The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance ...
State Farm submitted a request for an emergency interim rate, which would have increased costs by 22% for some homeowners.
The California insurance commissioner on Friday rejected State Farm's request for a temporary 22% rate hike for homeowner ...
The new estimate is nearly $500 million higher than the $2 billion the Northbrook, Ill.-based insurer projected earlier this month.
Jessica Mendoza: Sandra and her family lived in that house for 38 years, and the whole time, the property was covered by California's biggest insurer, State Farm. That was until last year.
Progressive announced in its January report that it saw $43mn in catastrophe losses, with 72% of those losses occurring in personal property. The carrier’s personal lines net cat loss ratio totaled ...
In the wake of last month’s Los Angeles fires, California Insurance Commissioner Ricardo Lara rejected State Farm’s “emergency” premium increase of 22% on average for California homeowners ...
The move will likely lead to higher costs for households across the state, and may push more insurers to leave, intensifying ...
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 ...