Months before the Los Angeles wildfires sparked, State Farm’s California arm was already in trouble, it told state regulators. Its policyholder surplus — the cash it has on hand to pay out claims — had dropped from more than $4 billion in 2016 down to just $1.
State Farm, the largest homeowners insurance company in California, jolted residents last year by announcing it would not renew 30,000 policies. That included about 8,100 homeowners in communities ravaged by the current wildfires, state officials said.
State Farm often runs commercials during NFL games, but the insurance company won’t have an ad presence during Super Bowl 2025 in the wake of the fires that have devastated the Los Angeles
State Farm, California's largest home insurer, said Thursday it will offer renewals to all of its 250,000 L.A. County residential policyholders slated to have been dropped, not just those in fire rava
State Farm is canceling a planned commercial by the insurance giant set to run during the 2025 Super Bowl next month, citing the impact of the Los Angeles area wildfires .
About 1,600 policies in Pacific Palisades were dropped by State Farm in July, California Department of Insurance spokesman Michael Soller said in an Thursday email to CBS MoneyWatch. An analysis ...
State Farm is giving some California homeowners an option to renew coverage that previously had been cancelled.
The Green Revolution has decided that nature needs to go, and some residents of Nevada and California are up in arms about it. “Let’s destroy the environment to save the environment. That seems to be the mentality,
When Chad Comey heard sirens outside the Palisades condo he lived in with his parents last Tuesday, he didn’t think much of it. Then the fire alerts started.
The US Food and Drug Administration said it is tracking multiple cases of H5N1 bird flu in domestic and wild cats, including cases linked to contaminated pet food.
At least 10 people have died and more than 100,000 people have been evacuated in Los Angeles due to multiple wildfires engulfing the city, and California’s unenviable insurance climate is rearing its head amid the disaster.