News Story

State Farm won’t write new fire insurance policies in California. Forcing it to do so ignores the inevitable. By Mark Gongloff, THE DAILY HERALD https://www.heraldnet.com/opinion/comment-insurance-providers-lead-climate-changes-managed-retreat/

By Thomas Elias, ENTERPRISE RECORD https://www.chicoer.com/2023/06/07/state-farm-fires-a-warning-shot-at-homeowners-california-focus/ But Lara is constrained by Prop. 103, which limits what companies can charge. The measure has saved consumers well over...

By Michael R. Blood, ASSOCIATED PRESS https://apnews.com/article/california-wildfire-insurance-e31bef0ed7eeddcde096a5b8f2c1768f LOS ANGELES (AP) — Two insurance industry giants have pulled back from California's home insurance marketplace, saying that increasing...

By Eliyahu Kamisher, Max Reyes, & Biz Carson, THE LOS ANGELES TIMES https://www.latimes.com/business/story/2023-06-02/allstate-state-farm-stop-selling-new-home-insurance-in-california Californians looking to buy a house face some of the country's most expensive...

By Claire Hao & Carolyn Said, SAN FRANCISCO CHRONICLE https://www.sfchronicle.com/california-wildfires/article/insurance-state-farm-18125433.php State Farm, California’s largest property and casualty insurer, ceased writing new homeowners’ policies in the state on...

By Ben Christopher and Grace Gedye, CAL MATTERS https://calmatters.org/housing/2023/05/state-farm-california-insurance/ State Farm made national headlines last week when it said it would stop selling new home insurance...

By Marisa Endicott, THE PRESS DEMOCRAT https://www.pressdemocrat.com/article/news/endicott-homeowners-in-areas-of-high-fire-risk-hit-with-sudden-policy-canc/ Last year, JoAnna Price of Napa returned from vacation to a letter stating that her insurer, Safeco, would not...

Ricardo Lara’s first term was marked by violations of key campaign pledge, other allegations By Jeff McDonald, SAN DIEGO UNION-TRIBUNE October 9, 2022 https://www.sandiegouniontribune.com/news/watchdog/story/2022-10-09/despite-political-scandals-california-insurance-commissioner-appears-headed-to-re-election Months into his first...

Ricardo Lara’s first term was marked by violations of key campaign pledge, other allegations By Jeff McDonald, SAN DIEGO UNION-TRIBUNE https://www.sandiegouniontribune.com/news/watchdog/story/2022-10-09/despite-political-scandals-california-insurance-commissioner-appears-headed-to-re-election Months into his first term as...

By Lyle Adriano, INSURANCE BUSINESS AMERICA September 26, 2022 https://www.insurancebusinessmag.com/us/news/breaking-news/state-farm-and-allstate-hiking-rates--and-theyre-big-421713.aspx Allstate and State Farm – two of America’s biggest P&C insurance companies – are looking to increase their auto insurance...