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  2. All eyes are on State Farm’s next move as wildfires rip apart ...

    www.aol.com/finance/eyes-state-farm-next-move...

    In 2023, State Farm raised rates by an average of 20% for existing customers and said it would no longer accept new homeownersinsurance applications in California.

  3. State Farm will no longer offer home insurance to new ...

    www.aol.com/finance/state-farm-no-longer-offer...

    Beginning Saturday, State Farm General Insurance Company will stop accepting new applications including all business and personal lines property and casualty insurance, the company said in a news ...

  4. State Farm seeks emergency rate increase averaging 22% ... - AOL

    www.aol.com/news/state-farm-seeks-emergency-rate...

    State Farm General, which had about a 20% share of the homeowners insurance market in 2023, insures about 1 million homeowners in the state and has 1.8 million other policies in force. The ...

  5. State Farm - Wikipedia

    en.wikipedia.org/wiki/State_Farm

    In early 2009, the State Farm Florida subsidiary, the state's largest insurer, offered to withdraw from writing property insurance business in Florida after state regulators refused to approve a 47% property rate increase. State Farm said that, in Florida, it had paid out US$1.21 in claims for every dollar in premiums since 2000.

  6. List of United States insurance companies - Wikipedia

    en.wikipedia.org/wiki/List_of_United_States...

    In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...

  7. Citizens Property Insurance Corporation - Wikipedia

    en.wikipedia.org/wiki/Citizens_Property...

    Despite new state regulations that required homeowners with Citizen's Insurance to also purchase Federal Flood Insurance, June 2023 saw the number of Citizen’s policies balloon past 1.3 million. [35] Two private companies agreed to accept 26,000 Citizens policies in spring 2023.

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