State Farm says LA wildfire losses total $7.6 billion
State Farm says it will pay $7.6 billion for L.A. fires but reinsurance will slash losses
State Farm faces more than $600M in losses from LA wildfires
FOX 11 Los Angeles on MSN4d
California reconsidering State Farm insurance rate hikes for homeowners after LA wildfires
State Farm once again wants to raise its rates by about 22% for California homeowners, which would affect about one million people.
California insurance commissioner meets with State Farm about emergency rate hike
California’s insurance commissioner met with representatives for State Farm Wednesday in Oakland to talk about why the company has requested an emergency rate hike following the Los Angeles County wildfires.
The Union Democrat2d
California reconsiders State Farm rate hike as insurer’s losses rise
State Farm’s financial solvency has grown so precarious following the Los Angeles fires that insurance regulators in California and Illinois have held “multiple conversations” about how the property i
The Wenatchee World13d
California insurance commissioner rejects State Farm's request for 22% emergency rate hike
LOS ANGELES — California's insurance commissioner turned down a request by State Farm General for an emergency 22% hike of its home insurance rates due to the Los Angeles wildfires,
KTVU4d
State Farm asks California again to raise homeowner insurance rates by 22%
State Farm is asking the state of California if it can temporarily raise its homeowner insurance rates because the company says that paying out claims for the Los Angeles wildfires is hurting its finances.
insurancebusinessmag10h
State Farm reveals financials amid California controversy
While continuing to be shrouded in controversy as it threatens to drop more policies if its California rate hike is rejected, State Farm reported a $5.3 billion net income in 2024, reversing a $6.3 billion net loss in 2023, driven by capital gains and a significant reduction in its pretax operating loss.
California Gives State Farm Insurance Ultimatum
California's insurance commissioner met with State Farm executives Wednesday to discuss the emergency request for a rate hike.
California insurance regulators urge State Farm to expand coverage in exchange for rate hikes
Earlier this month, State Farm — the state’s largest home insurance provider — asked the California Department of Insurance to approve statewide rate increases averaging 22% for homeowners. It also requested a 15% increase for renters and condo owners and a 33% hike for rental owners.
The North Bay Business Journal3d
California to consider State Farm emergency rate increase request
Insurance Commissioner Ricardo Lara had asked for the meeting in which he and Consumer Watchdog will sit down with State Farm reps to discuss proposed emergency policy rate increases of up to 38% to cover the costs associated with the Los Angeles-area wildfires.
California insurance commish to State Farm: go pound ashes
State Insurance Commish Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an average 22%.