Southern California State Farm

State Farm, Los Angeles and LA wildfire

State Farm says it will pay $7.6 billion for L.A. fires but reinsurance will slash losses

State Farm General, California's largest home insurer, estimates it will pay $7.6 billion to settle its Los Angeles fire claims but reinsurance will lower its losses to about $612 million, including its costs for bailing out the state's Fair Plan.

LA Daily News on MSN · 2d

State Farm says LA wildfire losses total $7.6 billion

State Farm General said it will pay $7.6 billion to settle claims from last month’s firestorms in the Los Angeles area. The insurance provider is meeting with state insurance regulators Wednesday, Feb.

San Francisco Chronicle on MSN · 3d

State Farm reports staggering insurance losses from Los Angeles wildfires

State Farm General, California’s largest home insurer by far, estimates it will pay $7.6 billion to survivors of the Los Angeles wildfires. The staggering figure is the highest loss estimate of any insurer so far,

California reconsiders State Farm rate hike

Barron's on MSN · 10d

California’s Biggest Home Insurer Threatens to Leave State Unless Its Rates Rise

State Farm General has 20% market share, and said it “must seriously consider its options within the California insurance market going forward.”

Los Angeles Daily News · 4h

California reconsiders State Farm rate hike as insurer’s losses rise

State Farm General requested a 22% emergency rate hike in California to cover losses from the Los Angeles County wildfires and stop its “financial deterioration.” Lara declined the request, and asked that Krause and other company officials to meet with him to answer questions about why higher rates were needed.

KCRA Sacramento on MSN · 1d

California insurance commissioner meets with State Farm about emergency rate hike

California’s insurance commissioner met with representatives for State Farm Wednesday in Oakland to talk about why the company has requested an emergency rate hike following the Los Angeles County wildfires.

wglt14h

State Farm's financial results improve, as underwriting losses decline

State Farm's financial results improved in 2024, though the Bloomington-based company still posted an underwriting loss of ...

Santa Cruz Sentinel13d

California regulators reject — for now — State Farm’s emergency rate hike request

California insurance regulators ... more than $1 billion in losses in the blazes in Southern California. “The burden is on State Farm to show why this is needed now,” said Insurance ...

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State Farm, Los Angeles and LA wildfire

California reconsiders State Farm rate hike

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