News

A new lawsuit alleges that California's major insurers worked together to push higher premiums and lower coverage caps onto ...
State Farm General Insurance Co. said it needs the jolt of money to buoy its finances following years of losses and the fires ...
The insurance company has filed for an increase on personal umbrella liability coverage, affecting hundreds of thousands of ...
The first day of a hearing has finished. A judge is set to decide whether or not to recommend the Insurance Commissioner ...
Eaton Fire survivors blasted State Farm for insurance payment delays during a press conference on Thursday. "Our pleas, ...
During a public hearing on Tuesday, State Farm said rate hikes are needed to shore up its assets and stability.
Michael Soller, the Deputy Commissioner of Communications for the Department of Insurance, says by law, Commissioner Ricardo ...
In early February, State Farm asked California Insurance Commissioner Ricardo Lara to approve emergency interim rate increases, saying the Los Angeles Country fires had worsened its financial ...
During State Farm's last meeting with the commissioner, the company says it can cover claims from the LA fires, but deemed the fires left State Farm's financial condition in a "dire" state.
As a result, many insurers have limited new business or cut back on their policies in the state. State Farm decided to stop writing new homeowners insurance policies in California in May 2023.