State Farm to offer renewals to all L.A. County policyholders …
Jan 15, 2025 · State Farm, California's largest home insurer, ... he had been the managing editor of the Los Angeles Business Journal and was a reporter for the Los Angeles Daily News and other outlets. A New ...
Thousands of Los Angeles homeowners were dropped by their ... - CBS News
Jan 20, 2025 · An analysis of insurance data by CBS News San Francisco last year found that State Farm also dropped more than 2,000 policies in two other Los Angeles ZIP codes, which include the Brentwood ...
State Farm makes major policy change amid LA fires outrage
Jan 17, 2025 · State Farm, the biggest insurer in California, announced in March last year that it would not renew 72,000 policies for houses and apartments in the Golden State. The company blamed “inflation ...
State Farm accused of funneling excess profits to parent as it …
Oct 28, 2024 · State Farm General, California’s largest home insurer, is being accused of boosting the profits of its parent company at the expense of state policyholders — while claiming it’s in financial...
California Insurer Canceled Policies Months Before Los Angeles ...
Jan 8, 2025 · State Farm announced in April 2024 that it would have canceled a total of 72,000 policies in the state for houses and apartments, 30,000 of which were homes, as reported by ABC 7. According to ...
State Farm Sets Another Record With $14B Underwriting Loss in …
Mar 1, 2024 · The underwriting loss figure climbed to $14 billion for 2023, with a nearly $5 billion underwriting loss for property lines outpacing almost $4 billion of improvement in State Farm’s auto...
State Farm Faces Setback as Class Action Lawsuit ... - Live Insurance News
Aug 26, 2024 · In a significant legal development, U.S. District Judge Virginia Kendall has denied State Farm’s motion to dismiss a class action lawsuit, allowing the case to proceed in the U.S. District Court for the Northern District of Illinois.
State Farm® Announces 2023 Financial Results
Feb 29, 2024 · State Farm reported a net loss of $6.3 billion in 2023 compared to a net loss of $6.7 billion in 2022. The State Farm insurance operations consist of fourteen P-C companies and two life companies, each of which is managed on an individual affiliate level.
State Farm announces major insurance policy change affecting …
May 3, 2024 · State Farm, California's largest insurance provider, announced it would not renew insurance policies for approximately 72,000 homes and apartments in the state beginning this summer. What's...
State Farm discontinuing 72,000 home policies in California in …
Mar 22, 2024 · SACRAMENTO, Calif. (AP) — State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week, nine months after announcing it would not issue new home policies in the state.