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In an exclusive interview with CBS News California Investigates, the California Insurance Commissioner announced a formal Market Conduct Examination of State Farm.
State Farm has stopped accepting homeowner insurance applications in California, citing the growing risk from catastrophes like wildfires and the rising cost to rebuild.
California wildfire backlash: State Farm, other insurers slammed for dropping coverage California's insurance market has struggled as insurers exit the market due to tough regulations and rising risk ...
State Farm has come under heavy criticism for seeking a 22 percent rate hike, with a 38 percent increase for renters, in the wake of the devastating California wildfires.
State Farm is stopping new home insurance sales in California, citing wildfire risks and skyrocketing construction costs, the company announced Friday. CNN values your feedback 1.
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California to investigate State Farm's wildfire insurance claimsState Farm, the largest home insurer in the country, said it had received a total of 12,855 claims related to the fires as of June 10 and had already paid more than $3.96 billion in claims.
California homeowners, already devastated by last month’s wildfires, could see their insurance rates go up by more than 20% if they’re covered by State Farm. California’s largest private ...
Homeowners reeling from the wildfires in January say that State Farm’s increased rates are unfair and unfounded. By Rukmini Callimachi Earlier this year, Rukmini Callimachi traveled to Altadena ...
State Farm, the largest home insurer in California, is asking for an emergency rate hike from state regulators as it warns that multibillion-dollar payouts from the Los Angeles wildfires threaten ...
Insurance Commissioner Ricardo Lara, who recently approved an emergency rate increase for the company, called the examination one of the department's most powerful tools.
State Farm said it would stop selling new insurance policies to homeowners in California, exacerbating troubles for thousands in the wildfire-prone state, who are already feeling the heat with ...
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