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The offer does not apply to policies that had already lapsed when the fire started on Jan. 7. State Farm is the largest home insurer in the state and has 250,000 residential policyholders in Los ...
the company had received more than 8,700 claims stemming from the fires and had paid more than $1 billion to policyholders. But in a letter to California’s insurance commissioner, State Farm ...
State Farm, for its part, has given no indication that it’s worried about its ability to handle claims from the fires or is contemplating a further pullback from the California market.
A State Farm executive has been fired after he was secretly recorded alleging that the insurance company hiked rates for California homeowners reeling from the devastating Los Angeles wildfires.
Jessica Mendoza: November 25th, just six weeks before fires devastated L.A. and burned down Sandra's home. Thousands of California homeowners have been dropped by State Farm in the past few months.
Doug Dill, a homeowner in unincorporated Escondido covered by State Farm, worries about the long-term implications of rising insurance costs. "This particular area has a very high fire hazard area ...