Absent access to the needed data, Consumer Watchdog’s preliminary calculations show that State Farm would have to pay out roughly $9 billion to justify a 22% increase.

State Farm General, already facing financial peril before the Los Angeles wildfires, has asked state insurance regulators to ...

State Farm General asked Monday for an emergency rate increase averaging 22%, claiming the Los Angeles County fires have put ...

Despite a looming $3.2 billion deficit, agriculture industry leaders in Illinois are hoping to carve out legislative wins in ...

Even enormous names in the market, like State Farm and Allstate, have pulled back. Officials in state capital Sacramento have been worried for a while. Last year Insurance Commissioner Ricardo Lara ...

About 1,600 policies in Pacific Palisades were dropped by State Farm in July, California Department of Insurance spokesman Michael Soller said in an Thursday email to CBS MoneyWatch. An analysis ...

“These numbers will rise as residents return and assess damage,” a State Farm spokesperson wrote. In late May 2023, State Farm announced it would stop offering property and home insurance to ...

One of the long-reaching consequences of the raging wildfire crisis is a reshaping of the home insurance landscape, illustrated in State Farm's decision ... as residents return and assess damage." ...

State Farm has an 8.7-percent market share of the property insurance market in California. The company said it has received more than 7,400 home and auto claims to date. “These numbers will continue ...

These numbers will rise as residents return and assess damage ... Perry wrote on Instagram. The insurance company has sent out the State Farm Catastrophe Response Team, a group handling ...

The 1945 McCarran-Ferguson Act enshrines state regulatory authority over insurance. This system has worked relatively well over 80 years. But some states have done a better job of managing their ...

WHICH INSURANCE COMPANIES HAVE THE MOST EXPOSURE IN CALIFORNIA? State Farm and its agents and employees ... It expects those figures to go up "as residents return and assess damage." ...