#state-farm-general-insurance

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www.housingwire.com
3 months ago
California

State Farm will not renew more than 70K property policies in California

State Farm General Insurance is not renewing 30,000 residential and 42,000 commercial apartment policies in California, citing financial challenges and outdated regulations.
California Department of Insurance is pursuing reforms to align insurance rates better with risk, considering allowing catastrophe modeling for more accurate risk projections. [ more ]
Los Angeles Times
3 months ago
California

State Farm won't renew 72,000 insurance policies in California, worsening the state's insurance crisis

State Farm will not renew insurance policies for 72,000 property owners in California, citing financial solvency laws and claims-paying capacity.
California Department of Insurance is concerned about State Farm General's decision and its financial implications on insurance regulations. [ more ]
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