end of State Farm property casualty insurance application

Two More Insurance Companies Pull Out Of California

April 19, 2024 5:00 pmApril 19, 2024 5:01 pm

According to new California Department of Insurance filings this week, both the Tokio Marine America Insurance Company and the Trans Pacific Insurance Company announced that they would no longer offer homeowners and personal umbrella insurance in California and would leave...

State Farm Announces Non-Renewal Of 72,000 Insurance Policies In California

March 22, 2024 2:45 amMarch 22, 2024 2:46 am

In an announcement on Thursday, the largest property and casualty insurance company in California, State Farm Insurance, announced that 30,000 property insurance and 42,000 commercial apartment policies would not be renewed throughout the state, effectively removing 2% of all policies...

CA Dept. of Insurance Approved State Farm 20% Home Insurance Rate Increase

January 4, 2024 4:48 pmJanuary 5, 2024 11:29 am

The California Department of Insurance approved a request by State Farm Insurance on Wednesday to allow the company to raise all active home insurance rates by 20%. Throughout 2023, multiple insurance companies operating in California either stopped accepting all new...

Ins. Commissioner Lara, Gov. Newsom Announce Sweeping New State Insurance Plan

September 22, 2023 12:11 pmSeptember 22, 2023 12:12 pm

Insurance Commissioner Ricardo Lara and Governor Gavin Newsom announced major insurance changes late on Thursday designed to improve insurance choices and keep plans affordable amidst numerous insurance companies recently saying that they would either take no new home insurance policies...

Largest U.S. Insurance Companies Now Claim ‘Climate Change’ is Behind Ending Coverage

September 5, 2023 7:53 amSeptember 6, 2023 6:58 am

Some of the country’s largest insurers have told industry regulators that “extreme weather patterns caused by climate change” is behind the decision to stop writing certain coverages in some regions, as well as excluding protections from various weather events and...

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...