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State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the state ...
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in the state, according to the most recent data from the California Department of Insurance.
"State Farm to pull out of 72,000 California insurance policies," blared a Reinsurance News headline. State Farm provides nearly 21 percent of state homeowner policies, so this is big news.
Four home insurance companies say they will not renew policies for people in California starting next year. That follows similar decisions by Allstate and State Farm dating back to last November.
State Farm Mutual Automobile Insurance Company is the parent company of several wholly owned State Farm subsidiaries: [2] State Farm Fire and Casualty Company; State Farm Life Insurance Company; State Farm Life and Accident Assurance Company (NY/CT/WI) State Farm County Mutual Insurance Company of Texas (TX auto)
HO-4 renters insurance is widely available through many insurance companies, including national, regional and local carriers. Many carriers offer online quoting for HO-4 coverage. Many carriers ...
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