State Farm seeks urgent insurance rate increases, citing financial strain from LA fires and market challenges.
Insurance Commissioner Ricardo Lara on Monday rejected State Farm General's request for an emergency 22% home insurance rate ...
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Critics say State Farm is taking advantage of Los Angeles wildfire tragedies with latest rate hikeLen Ramirez reports on critics calling out State Farm over the company's trying to get its second insurance rate hike since ...
The combined losses for major U.S. insurers AIG (AIG), Travelers (TRV), Chubb (CB) and Allstate (ALL) from the catastrophic ...
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in ...
California Insurance Commissioner Ricardo Lara discusses the complex insurance system as homeowners look to rebuild after LA's fires.
As New York car insurance premiums soar, more motorists are hunting for affordable policies—or skipping coverage entirely.
Analysts project based on preliminary estimates that the LA wildfires could be the costliest wildfire event in California, in terms of insured losses, possibly exceeding $20bn. An insured loss is the ...
"The costs of the January 2025 wildfires will further deplete capital from State Farm General. Capital is necessary so an insurance company can pay for any future claims for the risks it insures ...
State Farm General is the subsidiary of State Farm Mutual Automobile Insurance Company that operates in California. The subsidiary is the state’s largest provider of fire insurance, with more ...
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