State Farm – Page 2 – California Globe

Insurance Commissioner Lara To Question State Farm on 22% Rate Increase Justification

February 15, 2025 2:45 amFebruary 15, 2025 2:46 am

In a statement Friday, Insurance Commissioner Ricardo Lara announced that he will be meeting with State Farm Insurance later this month over their proposed 22% emergency rate hike on rental homes, non-rental homes, rental units, and condos, asking them to justify...

State Farm Seeks 22% Home Insurance Rate Increase After Wildfires

February 4, 2025 2:37 pmFebruary 4, 2025 2:37 pm

State Farm Insurance announced on Monday that they have asked the California Department of Insurance to approve an emergency interim rate increase for rental homes, non-rental homes, rental units, and condos to help pay for the massive increase of claims...

Farmers Insurance to Increase Number Of Homeowner & Renter Policies in California

December 12, 2024 5:50 pmDecember 12, 2024 5:50 pm

In a surprise announcement on Wednesday, Farmers Insurance said that they will be going against the trend of insurance companies in California by increasing the number of renters and homeowners policies. For the past two years, insurance companies have been...

Allstate Looks To Increase Home Insurance Premiums By 34%

July 12, 2024 4:13 pmJuly 12, 2024 4:13 pm

According to an insurance filing unveiled on Thursday, Allstate filed to raise California Insurance premiums in state by 34%, with the request currently remaining under review. For over a year, insurance companies have been slowly limiting policies, ending the allowance...

Travelers Insurance Announces Home Insurance Rates Going Up 15% In June

May 7, 2024 2:45 amMay 7, 2024 2:46 am

According to a new Department of Insurance filing released on Monday, Travelers Insurance is to increase most policies in the state of California by 15.3% starting in June. For over a year, insurance companies have been slowly limiting policies, ending...

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...