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California, State Farm
Who Is Jon Farney? State Farm CEO Faces Fury Over California Insurance Cuts
State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades.
State Farm cancelled 72,000 California fire insurance policies in 2024
State Farm is being accused of canceling thousands of fire insurance policies in California right before the massive wildfires. More than 10,000 homes and businesses have been destroyed as multiple wildfires continue to ravage parts of Los Angeles County,
State Farm Cancelled Homeowners’ Policies In California Months Before Wildfires: Report
As wildfires rip through the Pacific Palisades in Los Angeles County, California, hundreds have been left without homeowner's insurance after
State Farm cancelled 72,000 California homeowners' insurance policies in 2024
James Woods has lost his Pacific Palisades home in the Southern California fires that continue to devastate parts of Los Angeles. Speaking on CNN, the 77-year-old “Vampires” and “Once Upon a Time in America” actor broke down in tears discussing the harrowing situation in his neighborhood. “One day you’re swimming in the pool and the …
State Farm canceled California homeowners’ insurance policies months before wildfires
The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid "financial failure."
CA wildfire backlash: State Farm, other insurers slammed for dropping coverage
The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the state due to regulations that make it hard to price for risk.
State Farm, Allstate, and Other Insurers Face Criticism Amid Devastating California Wildfires for Cutting Coverage
Deadly wildfires in Southern California have destroyed over 1,000 homes and claimed at least five lives this week, intensifying scrutiny over major insurance companies’ recent decisions to scale back policies
California, LA fires and Insurance
CA wildfire backlash: State Farm, other insurers slammed for dropping coverage
The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the state due to regulations that make it hard to price for risk.
LA fires could break California's insurance market
Wednesday's firestorm in a wealthy area of Los Angeles could be the final straw that breaks California's insurance market. The state's insurance market has been teetering on the edge of insolvency for years thanks to catastrophic wildfires that have driven many insurers to stop writing new policies and drop existing ones.
The Insurance Crisis That Will Follow the California Fires
In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.
2d
Spalding Jurors Return $12M Verdict Against State Farm Insurance Client
A Spalding County State Court jury has returned a $12 million verdict against a motorist insured by State Farm Insurance ...
Grist
17m
California overhauled its insurance system. Then Los Angeles caught fire.
The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.
1h
Insurance crisis looms in California as fires ravage communities
Insurance companies and rates haven’t kept up with increasingly catastrophic events like the California wildfires or ...
10h
on MSN
California insurance crisis: List of carriers that have fled or reduced coverage in the state
California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...
The New Republic on MSN
10h
L.A. Is Burning. Will Insurance Companies Take Advantage?
Popular narrative suggests insurance companies have to raise rates due to fire risk. In reality, the companies are doing ...
1d
on MSN
Before the Palisades Fire, many of its homeowners had lost insurance
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
1d
Victims of the Pacific Palisades fire face another harsh reality: no insurance to rebuild
Insurers have been cutting coverage for thousands of homeowners across the neighborhoods most affected by this week's ...
1d
on MSN
2 charts show how LA's homeowners are caught in a messy insurance market as wildfires hit the area
See which LA neighborhoods on fire were most affected by the state's largest insurer's recent coverage rollback.
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California
Pacific Palisades
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