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State Farm, California
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 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 …
California 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.
the California fires are fueling an 'insurance crisis'
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.
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 hurricanes that recently hit Florida, Tennessee and North Carolina. It can put
Fact-checking criticism of California Democrats over fires
The US president has sought to blame top California Democrats for challenges fighting the blazes in Los Angeles.
12h
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 ...
Grist
2h
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.
3h
on MSN
California Fires Cause Human Misery But Exact Economic Toll on Residents and the Insurance Industry as Well
The human suffering is a disaster. But the economic cost to residents and the insurance industry will add to the woes facing ...
2h
on MSN
California fires: VP Harris called out over claim about canceled insurance
The insurance industry is pushing back against Vice President Kamala Harris suggesting carriers canceled the policies of some ...
3h
US insurers slump as Los Angeles wildfire loss estimates escalate
Severe and frequent natural disasters have hastened the insurance industry's retreat from high-risk areas, particularly ...
1h
on MSN
California insurance commissioner issues 1-year moratorium to protect Southern California homeowners
The California insurance commissioner issued a mandatory one-year moratorium on non-renewals and cancellations to protect ...
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