california state farm insurance news

State Farm, California and wildfire

Who Is Jon Farney? State Farm CEO Faces Fury Over California Insurance Cuts

State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades.

Fox Business on MSN · 1d

California wildfire backlash: State Farm, other insurers slammed for dropping coverage

The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the state due to regulations that make it hard to price for risk.

Washington Examiner on MSN · 1d

State Farm canceled California homeowners’ insurance policies months before wildfires

The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid "financial failure."

California, Insurance and camp fire

The New Yorker · 1h

The Insurance Crisis That Will Follow the California Fires

In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.

Grist · 55m

California overhauled its insurance system. Then Los Angeles caught fire.

The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.

The Baltimore Sun · 1h

Insurance crisis looms in California as fires ravage communities

Insurance companies and rates haven’t kept up with increasingly catastrophic events like the California wildfires or hurricanes that recently hit Florida, Tennessee and North Carolina. It can put

1hon MSN

California fires: VP Harris called out over claim about canceled insurance

The insurance industry is pushing back against Vice President Kamala Harris suggesting carriers canceled the policies of some ...

33m

Yes, State Farm ended insurance coverage for many in the Pacific Palisades in 2024

State Farm cited “catastrophe exposure” as one reason it wasn’t renewing policies for many Californians, including those in Los Angeles’ Pacific Palisades.

Insurance Company Stocks Fall as Damage Estimates from California Wildfires Rise

Insurance company shares fell Friday as the massive wildfires in California are now estimated to have caused $135 billion to ...

10hon MSN

California insurance crisis: List of carriers that have fled or reduced coverage in the state

California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...

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