California’s insurance commissioner said his approval was conditioned on State Farm justifying its need for the increase by bringing data to a public hearing on April 8.
The financial pressures underscore the rising risk stalking California property owners as climate change threatens to ...
State Farm reported that it has paid out $2.45 billion across 12,200 claims related to the January wildfires in Los Angeles, ...
The house was covered by the California FAIR Plan, a private association that provides fire insurance to homeowners in the ...
Haden Kirkpatrick, a top State Farm executive, said he was fired after being recorded in an undercover video making ...
State Farm, the largest home insurer in California, continues to seek approval of a 22% emergency rate hike even as it faces ...
State Farm says the steep hike on homeowners is necessary to shore ... was asked in the video whether the company “orchestrated” policy cancellations in relation to the California fires. “It kind of ...
California released new maps that will dictate building requirements in fire-prone areas. State officials say the updates ...
Once thought of as a small, rarely-used backstop, the FAIR Plan is now one of the largest insurers in the state, and people without FAIR Plan insurance are the ones on the hook for the FAIR Plan's ...
The January fires in Los Angeles ... policies or fleeing California entirely amid worries over losses. State Farm, California’s biggest home insurer, received provisional approval this month ...