A 22% emergency rate hike for State Farm premiums in California?
3 days ago · Citing what it calls a potentially “dire situation,” State Farm on Monday asked California for permission to hike insurance rates by an average of 22%. In the wake of the Los Angeles-area ...
State Farm Seeks an Urgent Increase in California Rates After Fires
3 days ago · State Farm, the largest homeowners’ insurance company in California, asked state insurance regulators on Monday to urgently approve a 22 percent average rate increase, a worrying sign for an ...
State Farm cites ‘dire’ California insurance finances, seeks rate hike
3 days ago · State Farm General’s preliminary financial results show its policyholder surplus was just $1.04 billion at the end of 2024 — down from $4 billion in 2016, according to the company.
State Farm seeks emergency rate increase averaging 22% after …
3 days ago · The California insurer said it has lost $2.8 billion over the nine-year period ending last year, including gains from investment income. It also noted State Farm General’s financial rating was ...
State Farm General Insurance Company: Update on California
Mar 20, 2024 · State Farm General’s May 2023 decision regarding new applications remains unchanged. We will evaluate the need for any additional business actions as market conditions change. *State Farm General Insurance Company is …
California Insurance - State Farm®
Insurance for the great state of California Help protect yourself and your loved ones with State Farm ® insurance. Your good neighbor is nearby to help with competitive rates on your home, auto, life insurance and more.
State Farm again is seeking huge increases in home insurance ... - CNN
Jul 2, 2024 · 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...
Why are State Farm and others leaving California's home …
Mar 29, 2024 · Major insurers have pulled back from California's homeowners market, citing wildfires, inflation and other challenges. But there are steps at-risk homeowners can take now to secure coverage and...
California Insurance Agents Near You - State Farm
Find a California insurance agent near you and get a free quote today! Whatever your insurance needs in California, State Farm® is here to help life go right.
State Farm® in California: Understanding the issues
Proudly serving Californians since 1928, State Farm (State Farm Mutual Automobile Insurance Company, State Farm General Insurance Company) is the leading auto and homeowners insurer in California. We help our customers protect what matters most and recover from the unexpected.