State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers, ...
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial ...
Close to half a million Californians use the FAIR plan for their homeowners’ insurance coverage. From September 2023 to ...
Expected claims payments to Los Angeles County wildfire victims appear to have exceeded $900 million for the state "s insurer of last resort, allowing it to tap into“ re-insurance” payments from ...
The California FAIR Plan has doubled in size since 2015, now accounting for roughly half a million policyholders across the ...
Farmers Insurance Group issued its initial California wildfire loss report last week, pegging losses at $1.60bn to $2.15bn, ...
Dwelling protection: This portion protects the actual structure of the home. If a tree falls on the roof, for example, or a ...
Although insurance availability will increase, premiums may well skyrocket even further New California Insurance Commission ...
As the 119th Congress begins, Congressman Adam Gray (D-Merced) has been appointed to the House Agriculture and Natural ...
Insurers, who have reportedly agreed to phase in selling new policies even in fire risk areas, are confronted with massive ...
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
The Palisades and Eaton wildfires in Los Angeles County have displaced thousands of homeowners — many of whom have inadequate coverage due to the state’s broken home insurance system. And ...
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