News

Hog breeding and corn mazes could get a policyholder kicked out of State Farm's Personal Liability Umbrella Program.
What do corn mazes, mushroom farms and professional athletes have in common? They all have the dubious honor of being considered too risky to insure under a State Farm policy that offers extra ...
A recent administrative law judge’s decision paved the way for State Farm to significantly increase homeowners’ insurance ...
We can now bring you additional details on the recent $1.55 billion of catastrophe bond's sponsored by US insurer State Farm.
State Farm General has spent $1.26, resulting in over $5 billion in cumulative underwriting losses,” the company added. Even so, many consumer advocates are wary of State Farm’s rationale for ...
State Farm General, California’s largest home ... raised prices or tightened underwriting standards amid a sharp increase in wildfires attributed to climate change. Others include Farmers ...
State Farm had been California's largest provider of homeowners' insurance covering over a million homes until it began pulling out of new policy underwriting in 2023, citing wildfire risk.
State Farm General has paid out $1.26 for every $1 in premium it has collected — resulting in more than $5 billion in cumulative underwriting losses. It estimated that its direct losses from the ...
State Farm General has spent $1.26, resulting in over $5 billion in cumulative underwriting losses,” the company wrote. After facing pressure from Lara when the fires broke out in January ...