Thousands of Los Angeles homeowners were dropped by their ... - CBS News
1 day ago · About 1,600 policies in Pacific Palisades were dropped by State Farm in July, California Department of Insurance spokesman Michael Soller said in an Thursday email to CBS MoneyWatch.
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.
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 ...
State Farm canceled California homeowners’ insurance policies …
1 day ago · 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 decision was announced in March ...
California Insurer Canceled Policies Months Before Los Angeles ...
2 days ago · State Farm announced in April 2024 that it would have canceled a total of 72,000 policies in the state for houses and apartments, 30,000 of which were homes, as reported by ABC 7. According to ...
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 …
State Farm accused of funneling excess profits to parent as it …
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...
Why are State Farm and others leaving California's home …
Mar 29, 2024 · Major insurers have pulled back from California's homeowners market, citing wildfires, inflation and other challenges.
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.
State Farm General Insurance Company®: California New …
State Farm General Insurance Company®, State Farm’s provider of homeowners insurance in California, will cease accepting new applications including all business and personal lines property and casualty insurance, effective May 27, 2023. This …