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State Farm projects dropping 1 million policies in California over next five years

State Farm expects to lose 1 million policies in California by 2028 due to financial issues and increasing risks.
State Farm has halted new homeowners policies in California since May 2023.
Future reforms could impact the insurance market positively, possibly reversing policy declines as early as 2025.

Geico insists it 'has coverage' for the Cybertruck after owners complain of dropped policies

Geico and State Farm still offer insurance for Tesla's Cybertruck despite reports of some owners being dropped by other insurers.

State Farm says it won't renew 70,000 policies in California amid industry woes

State Farm to not renew 2% of policies in California affecting 70,000 customers.
Wildfires impact California insurers making it harder to get insurance.

State Farm projects dropping 1 million policies in California over next five years

State Farm expects to lose 1 million policies in California by 2028 due to financial issues and increasing risks.
State Farm has halted new homeowners policies in California since May 2023.
Future reforms could impact the insurance market positively, possibly reversing policy declines as early as 2025.

Geico insists it 'has coverage' for the Cybertruck after owners complain of dropped policies

Geico and State Farm still offer insurance for Tesla's Cybertruck despite reports of some owners being dropped by other insurers.

State Farm says it won't renew 70,000 policies in California amid industry woes

State Farm to not renew 2% of policies in California affecting 70,000 customers.
Wildfires impact California insurers making it harder to get insurance.
moreinsurance

Los Gatos homeowners risk losing fire insurance - San Jose Spotlight

Homeowners in California face uncertainty about wildfire insurance renewals as major insurers like State Farm abandon high-risk areas.
#california

State Farm seeking 30% rate hike for CA homeowners: Here's what to know

Homeowners in California are concerned about State Farm's large rate increases, triggering financial solvency concerns.

State Farm seeks steep home insurance hikes in California

State Farm seeks significant rate increases in California to avoid financial insolvency.

State Farm Raising California Homeowner Policies 20%

State Farm is expected to increase homeowner insurance rates in California by 20% next year.
Insurance companies in California are facing challenges due to rising costs and increasing wildfires.

Upscale Westside L.A. neighborhoods hit hard by State Farm home insurance cancellations

Thousands of homeowners in upscale neighborhoods in Los Angeles County will lose their home insurance coverage from State Farm.
State Farm's decision to drop policies stems from financial concerns due to high inflation and the company's need to reduce exposure.

State Farm to Not Renew 72K Property Policies in California

State Farm won't renew 30,000 property and 42,000 commercial apartment insurance policies in California.
The non-renewals are due to financial health concerns and a need for long-term sustainability.

State Farm targets wealthy areas of LA for non-renewals

State Farm non-renews 30,000 property and 42,000 commercial apartment policies in select California areas.
Concentration of non-renewals in high-risk fire zones of upscale neighborhoods.

State Farm seeking 30% rate hike for CA homeowners: Here's what to know

Homeowners in California are concerned about State Farm's large rate increases, triggering financial solvency concerns.

State Farm seeks steep home insurance hikes in California

State Farm seeks significant rate increases in California to avoid financial insolvency.

State Farm Raising California Homeowner Policies 20%

State Farm is expected to increase homeowner insurance rates in California by 20% next year.
Insurance companies in California are facing challenges due to rising costs and increasing wildfires.

Upscale Westside L.A. neighborhoods hit hard by State Farm home insurance cancellations

Thousands of homeowners in upscale neighborhoods in Los Angeles County will lose their home insurance coverage from State Farm.
State Farm's decision to drop policies stems from financial concerns due to high inflation and the company's need to reduce exposure.

State Farm to Not Renew 72K Property Policies in California

State Farm won't renew 30,000 property and 42,000 commercial apartment insurance policies in California.
The non-renewals are due to financial health concerns and a need for long-term sustainability.

State Farm targets wealthy areas of LA for non-renewals

State Farm non-renews 30,000 property and 42,000 commercial apartment policies in select California areas.
Concentration of non-renewals in high-risk fire zones of upscale neighborhoods.
morecalifornia

Opinion: Affordable housing falls victim to California's insurance crisis

State Farm stopped issuing new policies in California, impacting affordable housing
Rising insurance costs pose an existential threat to nonprofit housing organizations in California

Major California property insurer decides to not renew tens of thousands of policies

State Farm to not renew 72,000 policies in California, citing challenges like higher construction costs and catastrophic events.

Why State Farm's Arnold Schwarzenegger Super Bowl ad is a movie

State Farm is using Arnold Schwarzenegger to promote its Super Bowl ad, Agent State Farm, which also serves as a movie trailer.
The ad focuses on State Farm's tagline, 'Like a good neighbor, State Farm is there,' and aims to reinforce the brand's image in a fun and humorous way.

State Farm seeks massive' insurance rate hike for California homeowners

State Farm seeks a 30% increase in California homeowners' insurance premiums, citing losses from wildfires and weather events.

State Farm Seeks Enormous Rate Increases in California to Prevent Insolvency | KQED

California Insurance Commissioner investigates State Farm's financial stability and potential impact on consumers.
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