southern california state farm

State Farm asks for 22% insurance rate hike

State Farm Asks for ‘Emergency Hike’ in Rates Due to Southern California Wildfires

"SFG needs your urgent assistance in the form of emergency interim approval of additional rate to help avert a dire situation for our customers and the insurance market in the state of California," State Farm said in a filing to the regulator.

Hosted on MSN · 2d

State Farm wants to hike insurance rates in California by 22% just weeks after fires tore through LA

State Farm wants to hike insurance rates in California by 22% just weeks after fires tore through LA - Climate-fueled wildfires have led many insurers to pull out of the Golden State in recent years

justthenews · 2d

State Farm, CA’s largest property insurer, demanding 22% rate hike after fires and huge losses

State Farm says that as a result of Prop. 103, it has lost $5 billion over the last 9 years and had no option but to stop underwriting new policies in 2023.

Allstate, California

Wall Street Journal · 1d

Allstate Expects California Wildfires to Cost $1.1 Billion

In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners-insurance business, up from $21 million the year before.

CNN on MSN · 7h

Allstate expects $1.1 billion loss from California fires

Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern California in January

LA Times on MSN · 5h

Allstate expects $1.1 billion in losses from Los Angeles fires

Allstate Corp. said it expects about $1.1 billion in losses from the wildfires that destroyed Los Angeles County communities in January.

Repairer Driven News2d

You won’t see a P&C insurance commercial during this year’s Super Bowl as industry cuts advertising spending

There will be no property insurance advertising during this year’s Super Bowl as data shows the industry is spending less on ...

‘Pineapple Express’ storm arrives in Southern California with even more rain expected next week

Forecasters say 'Pineapple Express' storm will probably be beneficial for Los Angeles and Ventura counties, helping to reduce ...

ConsumerAffairs7d

What to do if you can’t afford homeowners’ insurance or don’t get renewed?

Homeowners’ insurance has become increasingly difficult to afford and harder to get in California and some other states ...

Private firefighters are increasingly popular with insurers. But do they pose a risk?

Private firefighters are a growing part of insurance companies’ strategy, but some professionals says they can sometimes pose ...

MarketWatch6d

Progressive Car Insurance vs. State Farm Car Insurance

Shelby studied broadcast journalism at Southern Methodist University ... that the Snapshot program is not available in California. State Farm’s usage-based program is called Drive Safe & Save ...

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