State Farm General is pursuing a substantial 39% rate hike for its Personal Liability Umbrella policies in California, according to a filing with the California Department of Insurance.
Tag: State Farm
California Insurance Commissioner Grants Provisional Approval for State Farm’s 22% Rate Increase
California Insurance Commissioner Ricardo Lara has provisionally approved State Farm General’s request for an emergency 22% increase in homeowners insurance rates.
State Farm Seeks Emergency Rate Hike Following Devastating L.A. Fires
State Farm General, California’s largest home insurer, is seeking an emergency rate increase averaging 22% after incurring significant financial losses from the recent Los Angeles County wildfires.
State Farm Prioritizes Fire Response Over Super Bowl Spotlight
As wildfires continue to devastate Los Angeles, State Farm has announced it will forgo its planned commercial during the Super Bowl to prioritize supporting affected residents.
State Farm Reverses Course, Offers Renewals to Wildfire-Affected Homeowners in Los Angeles
In a significant reversal, State Farm, one of California’s largest insurers, has announced it will renew policies for homeowners impacted by the recent Los Angeles wildfires.
State Farm: Severity High on Hundreds of Claims from New Mexico Wildfires
Most of the hundreds of claims State Farm has incurred from catastrophic wildfires in New Mexico are high severity, according to a company spokesperson.
Dog-Related Injury Claim Payouts Hit $1.12B in 2023
U.S. insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and State Farm.
California Insurance Commissioner Declares ‘Crisis’ After Major State Farm Announcement
California’s insurance commissioner Ricardo Lara spoke out after the state’s largest home insurance provider announced that it would discontinue coverage for tens of thousands of policies this summer.
State Farm Non-Renewing 72,000 Policies in California
State Farm released the following statement regarding its decision to non-renew 72,000 policies in California.
State Farm Suing Norfolk Southern for Train Derailment Damages
State Farm insurance company is suing Norfolk Southern on behalf of two residents who reported property damage from the train derailment in East Palestine on Feb. 3, 2023.