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 …
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, …
State Farm accused of funneling excess profits to parent - Los …
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 …
Why are State Farm and others leaving California's home insurance …
Mar 29, 2024 · The crisis reached new heights last week when leading insurer State Farm General announced that it wouldn’t renew 72,000 property owner policies statewide, joining …
State Farm to pull out of 72,000 California insurance policies
Mar 20, 2024 · State Farm General Insurance Company has just announced that it is taking strategic steps to secure its future viability within California's insurance market. This involves a …
State Farm discontinuing 72,000 home policies in California in …
Apr 10, 2024 · State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said in March, nine months after …
State Farm won’t renew 72,000 insurance policies in California ...
Mar 23, 2024 · The California homeowners’ insurance crisis reached another critical stage this week when State Farm General Insurance announced that it would not renew policies for …
State Farm projects dropping 1 million policies in California over …
Sep 27, 2024 · State Farm is projecting that by 2028, the number of policies it issues in California will drop by 1 million, as the insurance giant grapples with financial distress and pulls back …
State Farm will no longer offer home insurance to new ... - NBC News
May 27, 2023 · State Farm will no longer offer home insurance to new customers in California, citing "historic" construction cost increases and "rapidly growing catastrophe exposure."
State Farm no longer accepts homeowner insurance applications in ... - NPR
May 28, 2023 · State Farm has stopped accepting homeowner insurance applications in California, citing the growing risk from catastrophes like wildfires and the rising cost to rebuild.