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In 2023, three of California’s major home insurance companies denied claims at a higher rate than what was seen in other parts of the U.S., a new report found.. Questions have swirled about the ...
In a survey of national claims handled by the state's leading home insurance companies, affiliates of Los Angeles-based Farmers Insurance topped the list, denying about 50% of claims for payment.
Facing mounting losses from paying out California claims, insurance giants, including Allstate, State Farm, and Farmers, have either pulled out of the state entirely in recent years or limited the ...
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.
Fire insurance has become more costly—if it's available at all—in California, leading more Golden State homeowners to turn to the FAIR Plan, a government-backed insurer of last resort.
Here's what's going on — and some steps homeowners can take now to lessen the blow. Read more:State Farm won’t renew 72,000 insurance policies in California, worsening the state's insurance crisis
On Tuesday, Mercury Insurance, an independent home insurer in California, announced it would begin writing new homeowners insurance policies in the town of Paradise, the site of the deadly Camp ...
A Southern California homeowner is suing Liberty Mutual Insurance Co. for declining to renew her longstanding insurance policy, accusing the company of dropping her for bogus reasons.