Jan 20, 2025 · 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.

Feb 3, 2025 · Major companies like State Farm and Allstate have been pulling back as wildfires in the state have intensified. That's forced many people to turn to insurers of last resort, which typically...

Jan 12, 2025 · As wildfires ravage areas of Los Angeles in California, destroying thousands of homes and businesses, the decision last year by its largest insurer State Farm to reduce its number of...

Jan 16, 2025 · State Farm, California's largest home insurer, said Thursday it will offer renewals to all of its 250,000 L.A. County residential policyholders slated to have been dropped, not just those in fire ...

Jan 17, 2025 · Months before the Los Angeles wildfires sparked, State Farm’s California arm was already in trouble, it told state regulators. Its policyholder surplus — the cash it has on hand to pay out...

Jan 8, 2025 · State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades—the same area which is now being ravaged by a devastating...

Feb 3, 2025 · Los Angeles advocacy group Consumer Watchdog disputed that State Farm General was in financial trouble, saying that the company made underwriting profits of $1.4 billion from 2020 to 2023 and that ...

Jan 14, 2025 · State Farm canceled insurance coverage for many in Los Angeles’ now-fire ravaged Pacific Palisades in 2024 by not renewing 69% of its policies in the neighborhood.

Jan 12, 2025 · State Farm nonrenewed 1,626 policies in Pacific Palisades in 2024 due to wildfire risks, reflecting growing insurance challenges in fire-prone areas.

Jan 16, 2025 · Despite temporarily pulling out of 72,000 homeowners’ policies in the state last year, State Farm reports that it has received more than 6,700 claims related to wind-driven wildfires that...