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California's insurance commissioner on Friday turned down a request by State Farm General for an emergency 22% hike of its home insurance rates due to the Los Angeles wildfires, saying the company ...
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 ...
Despite the country's current low unemployment rate, the annual study found that 59% of Americans in 2025 don't have enough savings to cover an unexpected $1,000 emergency expense.
According to Angi’s “2023 State of Home Spending” report, expenditures for emergency home repairs have risen rapidly since the pandemic, from an average $416 per household in 2019 to an ...
"State Farm General’s rate filings raise serious questions about its financial condition," said Gabriel Sanchez, press secretary for the California Department of Insurance, in an email to USA TODAY.
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 ...
An emergency expense can cause stress, but having savings could help. Find out how many Americans can't afford to pay for a $400 emergency with cash.
37% of Americans can’t afford an emergency expense over $400, according to Empower research, Empower. Accessed January 2, 2025. Accessed January 2, 2025. National Rates and Rate Caps , FDIC.