Allstate – Page 2 – California Globe

Farmers Insurance Lays Off 2,400 Workers In Latest Insurance Company Flight From California

August 29, 2023 6:57 pmAugust 29, 2023 6:57 pm

Farmers Insurance Group, the Los Angeles-based insurer group of vehicles, homes and small businesses, announced this week that they will be laying off 2,400 workers, largely because of large increases in construction and reconstruction costs, inflation, and a largely increased...

CA Senate Republicans Send Letter To Insurance Commissioner Lara Over Faltering Homeowners Insurance Market

August 25, 2023 2:30 amAugust 25, 2023 2:31 am

California State Senators delivered a letter to California Insurance Commissioner Ricardo Lara on Thursday, urging him to take more direct action in fixing the state’s faltering homeowners insurance market. In the past three months, 5 insurance companies operating in California...

Liberty Mutual Latest Insurance Company To Terminate Polices In CA

July 27, 2023 4:05 pmJuly 27, 2023 4:05 pm

According to new reports on Thursday, Boston-based insurance company Liberty Mutual will cease to offer business owner’s policies, which include both property and liability risks for businesses, to customers in California this fall, becoming the latest company to limit what...

Farmers Insurance Sets Limits On How Many New CA Homeowners Policies They Issue

July 8, 2023 3:01 amJuly 8, 2023 3:02 am

Farmers Insurance Group, the Los Angeles-based insurer group of vehicles, homes and small businesses, announced this week that they will be limiting the number of new homeowners insurance policies each month in California, becoming that latest insurance company in the...

Not In Good Hands: Allstate Also Stops Accepting All New Home Insurance Applications in California

June 3, 2023 2:30 amJune 3, 2023 6:44 am

Allstate, one of the largest insurance companies in California revealed to the Department of Insurance on Friday that the company stopped accepting all new home insurance applications in California last year. Insurance companies have been on shaky ground in California...

Insurance Commissioner Must Act Now to Prevent Coverage Crisis

February 27, 2023 3:01 pmFebruary 27, 2023 3:12 pm

We’ve run a family-owned, independent insurance agency for more than 50 years. Those of us in the insurance business know that when customers come to us for insurance what they’re looking to buy is security. In the California market today,...

California Orders Insurance Companies to Issue Refunds Over Coronavirus Concerns

April 13, 2020 4:11 pmApril 13, 2020 8:15 pm

On Monday, California Insurance Commissioner Ricardo Lara ordered all insurance companies operating in California to give either refunds or future credit on premiums paid during March and April due to a sharp decline of risk because of the effects of...