State Farm filed a request with the state Monday for an emergency 22% rate hike for homeowner policies, calling the increase ...

State Farm General requested a 22% emergency rate hike in California on Monday, Feb. 3 to cover losses from the Los Angeles ...

State Farm’s companion pet insurance, Trupanion, is a company that services cats and dogs under the age of 14. It’s available nationwide, in Puerto Rico, Canada and Australia. Trupanion covers up to ...

Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an ...

Over a nine-year period ending 2024, State Farm said it would pay $1.26 in claims and expenses for every $1.00 collected in premium, resulting in more than $5 billion in cumulative underwriting ...

“We know we will ultimately pay out significantly more, as these fires will collectively be the costliest in the history of the company,” the letter said. State Farm said the emergency interim ...

"The costs of the January 2025 wildfires will further deplete capital from State Farm General. Capital is necessary so an insurance company can pay for any future claims for the risks it insures ...

State Farm has regularly used similar reasoning in recent years when refusing to pay for water damage in California, according to attorneys and claim evaluators who work on behalf of policyholders.