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State Farm's decision reflects a trend of private insurers, including Allstate and Farmers Insurance, of dropping California policies or halting underwriting, leaving homeowners with the choice of ...
State Farm said in March it would not renew roughly 30,000 homeowners, owners of rental dwellings and other property insurance policies. It also said it would stop offering commercial polices to ...
The state's largest home insurer, State Farm General, announced in March it would not renew 30,000 homeowner and condominium policies — including 1,626 in Pacific Palisades — when they expired.
In 2023, State Farm raised rates by an average of 20% for existing customers and said it would no longer accept new homeowners’ insurance applications in California.
A home reduced to rubble by the Eaton Fire in Altadena, California. Home insurers cannot drop fire victims from their policies for the next year, according to a new state policy (AFP via Getty Images)
Some 450,000 homes - about 3% of all state residents - were covered through the California Fair Access to Insurance Requirements plan in September, a 40% increase from a year earlier.
Defunct LGBTQ nightclubs in California (7 P) Pages in category "Defunct nightclubs in California" The following 17 pages are in this category, out of 17 total.
At the time, State Farm defended the decision by saying rate hikes that had been approved by the California Department of Insurance (CDI) were not high enough to keep pace with inflation and other ...