California Wildfire Insurers Face Lawsuits Over Collusion and Rate Hikes
Two lawsuits allege major insurers colluded to push California wildfire victims to the FAIR Plan while hiking rates, triggering regulatory scrutiny and market uncertainty.
California FAIR Plan Lawsuit Highlights Insurance Tensions from Wildfire Costs
California's FAIR Plan faces a lawsuit over imposing $1 billion in emergency fees on homeowners. Consumer advocates challenge the authority of these charges aimed at stabilizing the insurance market amid escalating wildfire risks.
State Farm Seeks Rate Increase After LA Wildfires
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.
California's FAIR Plan Faces $1 Billion Wildfire Assessment
California's FAIR Plan receives $1 billion infusion to cover wildfire claims, impacting homeowners state-wide.
State Farm Authorized to Raise Insurance Rates in California
State Farm receives approval to increase insurance rates for homeowners and renters in California amid financial challenges following wildfires.
California Wildfires: Insurance Impacts & Rate Increases Ahead
The January wildfires in California have significantly impacted the property insurance market, leading to higher rates and stricter policies.
California Approves 22% Rate Hike for State Farm Home Insurance
State Farm gets preliminary approval for a 22% insurance premium hike in California amid wildfire risks, impacting nearly a million homeowners.
State Farm Shifts Focus from Super Bowl Ads to Wildfire Relief
State Farm cancels Super Bowl ad plans to support wildfire victims in California, prioritizing assistance over advertising.
Blue Shield of California Supports Members During Wildfire Evacuations
Blue Shield of California ensures member safety during wildfire evacuations, offering medication refills and support services.