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Company History. State Farm is a large insurance and financial services company based in the United States. It was founded in ...
State Farm wants to raise home insurance rates for Californians by an average of 22% after the company paid out roughly $1 billion in claims due to the Los Angeles fires.. As the largest home ...
California’s recent announcement of a market conduct examination into State Farm’s handling of wildfire claims should come as no surprise to anyone paying attention to policyholder complaints in ...
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in the history of the company.” February 3, 2025 3 min ...
That would make these wildfires by far the most destructive in U.S. history. In California, State Farm last year said it was discontinuing coverage for 72,000 houses and apartments in the state.
State Farm, California’s largest property insurer, won a first-of-its-kind emergency approval on Tuesday to quickly hike rates on more than a million homeowners and renters insurance policies.