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State Farm Insurance, the largest insurance company in California, is asking regulators for the OK to raise property insurance rates by 22 percent just weeks after fires ripped through Los Angeles ...
State Farm Insurance, long a stalwart of Super Bowl advertising, is pulling a commercial from next month's big game following the devastating California wildfires. The move comes one year after ...
In the letter State Farm sent to the state, the company said, "Over the last nine years, the lack of alignment between price and risk means that for every $1.00 collected in premium, State Farm ...
Prize indemnity insurance is indemnification insurance for a promotion in which the participants are offered the chance to win prizes.Instead of keeping cash reserves to cover large prizes, the promoter pays a premium to an insurance company, which then reimburses the insured should a prize be given away.
A State Farm Insurance sign on a destroyed building during the Eaton Fire in Altadena, California, US, on Wednesday, Jan. 8, 2025. (Michael Nigro—Bloomberg)
State Farm canceled 72,000 policies in California, nearly half of which were for home insurance, Barron’s reported. Allstate stopped selling policies in the Golden State for businesses and ...
The insurance regulator will investigate these rate-increase applications, a spokesperson told Reuters in an email. State Farm insures 250,000 homes and 880,000 automobiles in Los Angeles County ...
Insurance giant State Farm has canceled a Super Bowl ad that was set to air during the big game in February — in part, it said, over the raging wildfires in California. “Our focus is firmly on ...