State Farm obtains interim approval for a 17% rate increase on California home insurance policies due to wildfire claims and shrinking surplus. Further hearings will assess final rate legality and consumer protections.

California Department of Insurance approves a 17% emergency home insurance premium increase for State Farm to stabilize finances post-LA wildfires. Rate hikes affect 1M homeowners and reflect broader wildfire insurance challenges.

Texas appeals court upholds State Farm's federal interpleader action in a contested $800,000 life insurance policy dispute, highlighting insurer protections and beneficiary claim protocols.

In 2024, U.S. home insurance premiums rose 13.7% to $152 billion, with notable loss ratio improvements for insurers like State Farm and Liberty Mutual, indicating enhanced profitability and underwriting effectiveness in the property and casualty market.

State Farm is requesting a 17% insurance rate increase following wildfires in Los Angeles, aiming to improve its financial condition amid a challenging insurance market in California.

Consumer Watchdog challenges State Farm's rate hike proposal in California, advocating for consumer protection against unjustified insurance premiums.

State Farm leads in auto insurance market share, with auto insurance rates increasing due to several economic factors. Explore the outlook for telematics insurance.

State Farm receives approval to increase insurance rates for homeowners and renters in California amid financial challenges following wildfires.

A federal judge in Florida ruled against State Farm's attempt to avoid liability in a negligence lawsuit, allowing the case to proceed to trial. Key issues involve insurance coverage certification and legal responsibilities.

The January wildfires in California have significantly impacted the property insurance market, leading to higher rates and stricter policies.