Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies ...
As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...
California’s largest private insurer dropped policies in high-risk areas, leaving homes financially unprotected from last ...
Wildfire risk is expected to continue growing in Texas, threatening the stability of the state's homeowners insurance market, ...
California most prominent private insurance company State Farm has asked state regulators to approve an emergency rate increase after suffering losses from wildfires in Los Angeles this Jan ...
Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – ...
How the team at Jigsaw Farms came together to save 54 horses during the Pacific Palisades fire in L.A., then lost their ...
LOS ANGELES, Feb. 7, 2025 /PRNewswire/ -- Consumer Watchdog has submitted two letters to Insurance Commissioner Ricardo Lara objecting to State Farm's request for an emergency interim rate increase, ...
The wildfires levied significant long-term damage, with thousands of homes destroyed, billions in damages and a worsening of ...
AM Best said it expects reinsurers’ exposure to the California wildfires to be “significant” but “manageable”. In commentary ...
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
In the affluent Los Angeles neighborhoods scorched by wildfires, jumbo mortgages on multimillion-dollar homes are commonplace, making the loans a potential pain point for the banks left holding them.
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