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State insurance officials said State Farm's decision doesn't mean residents will be uncovered, noting that about 115 other companies will still write policies in California. "Announcements such as ...
State Farm is California's largest home insurance provider, and the company has made a number of moves in recent years to pull back on its exposure in the state.
State Farm General also has already received significant home insurance rate increases, including a 6.9% boost in January 2023 and a 20% jump that went into effect in March.
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 the ...
State Farm will no longer provide home insurance to new California customers because of wildfire risks and an increase in construction costs, the company said Friday. On Saturday, the insurance ...
Following a judge's ruling Monday, State Farm customers in California are one step away from paying more on their homeowners insurance to alleviate what the company described as a "dire" financial ...
State Farm has ceased new applications, including all business and personal lines property and casualty insurance, starting Saturday, the company announced in a press release.
State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the state ...
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