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PEORIA, Ill. (WMBD) — State Farm is being accused of canceling thousands of fire insurance policies in California right before the massive wildfires. More than 10,000 homes and businesses have ...
State Farm canceled hundreds of homeowners ... The decision was announced in March, claiming it would cancel 72,000 property policies in California, 30,000 of which were home insurance policies ...
A week after winning emergency approval to raise Californians’ home insurance premiums, State Farm is seeking to boost that rate hike even higher to 30%.
State Farm is California’s biggest home insurer ... The company might have fewer people canceling their policies if the proposed rate hikes doesn’t end up being as steep, said Carmen Balber ...
State Farm holds the largest share of property and casualty insurance policies in the U.S. and controls about 8.3% of California ... insurance providers from canceling or refusing to renew ...
State Farm, California’s largest home insurer ... State Farm may have fewer people canceling their policies, Carmen Balber, executive director of Consumer Watchdog, told the Mercury News.
California on Tuesday approved a 17% emergency rate hike for State Farm after the state’s largest insurer made an emergency request following January wildfires that devastated two Los Angeles ...
State Farm General Insurance Company — which is an almost exclusive California-only insurer — said the cancellation of policies was necessary because State Farm’s financial position has “s ...
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