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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 ...
California Insurance Crisis: List Of Carriers That Have Fled Or Reduced Coverage In The State. The insurer is looking to increase rates by 22% for non-tenant homeowners, 15% for renters and condo ...
California isn’t the only state facing pressure on its “last resort” insurance plan. Florida covers nearly 1 million households on its Citizens Plan, making it the largest property insurer ...
A State Farm insurance company sign sits amid the rubble of a building destroyed by the Palisades Fire on Sunset Boulevard in the Pacific Palisades neighborhood of Los Angeles on January 16, 2025.
In 2024, State Farm, the largest insurer in the state, cut policies in the Santa Monica Mountains, resulting in 70% of customers in Pacific Palisades – about 1,600 homeowners – losing coverage ...
State Farm insures 250,000 homes and 880,000 automobiles in Los Angeles County, according to its website. ... costlier state-run insurance program. The LA fires last month killed 28 people and ...
State Farm General asked Monday for an emergency rate increase averaging 22%, saying the Los Angeles County fires have put California's largest insurer in dire financial straits.
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.