State Farm accused of funneling excess profits to parent - Los Angeles ...
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...
State Farm to non-renew 72,000 policies in California: These zip ... - KTLA
Apr 8, 2024 · State Farm General Insurance Company announced in March that it plans to non-renew about 30,000 property insurance and 42,000 commercial apartment policies in California. Recent filings with...
State issues new rule to help fix California's ... - Los Angeles Times
Dec 30, 2024 · Multiple insurers have stopped writing new home policies, and the state’s largest home insurer, State Farm General, said this year it would not renew policies for 72,000 California property...
State Farm Looks to Shed 1M Home Policies in California - The …
Sep 30, 2024 · State Farm’s plan to shed 1 million homeowner policies includes both planned non-renewals, as well as natural attrition as policyholders decide to cancel or switch their insurance coverage ...
Bel-Air, Pacific Palisades residents lose insurance as State Farm …
Apr 10, 2024 · Thousands of Californians who won’t see their home insurance renewed by State Farm this summer are homeowners in Los Angeles County, with some upscale Westside neighborhoods hit hard,...
The Los Angeles Times - State Farm accused of funneling excess …
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 distress and in need of a 30% rate hike.
State Farm to stop offering home, property insurance to ... - CBS News
May 27, 2023 · State Farm will no longer be accepting applications for home or property insurance for Californians due to increases in construction costs, a challenging reinsurance market and "growing ...
Here’s what State Farm customers should do if their policy isn ... - KTLA
Mar 22, 2024 · State Farm General Insurance Company announced Wednesday that it plans to non-renew 30,000 property insurance and 42,000 commercial apartment policies in California.
State Farm looking to raise insurance rates in California again
Jul 8, 2024 · Just a few months after announcing that it would discontinue over 72,000 home policies across California, State Farm Insurance is seeking permission from the state government to increase...
State Farm discontinuing thousands of California home policies
Mar 22, 2024 · 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...