State Farm General bought a total of $2.2 billion worth of homeowners reinsurance from multiple parties from 2014-23. It received $400 million back to cover claims, recovering a little less than ...

A State Farm executive has been fired after he was secretly recorded alleging the insurance company hiked rates for California homeowners reeling from the LA wildfires.

State Farm General, the company's California subsidiary, has filed for an emergency 22% rate hike for its homeowners' policies. It cites the fires and a $5 billion decline in its surplus account ...