State Farm® Announces 2023 Financial Results
Feb 29, 2024 · State Farm reported a net loss of $6.3 billion in 2023 compared to a net loss of $6.7 billion in 2022. The State Farm insurance operations consist of fourteen P-C companies and two life companies, each of which is managed on an individual affiliate level.
State Farm announces major insurance policy change affecting …
May 3, 2024 · State Farm, California's largest insurance provider, announced it would not renew insurance policies for approximately 72,000 homes and apartments in the state beginning this summer. What's...
State Farm accused of funneling excess profits to parent as it …
Oct 28, 2024 · State Farm General, California’s largest home insurer, is being accused of boosting the profits of its parent company at the expense of state policyholders — while claiming it’s in financial...
Major California insurer could drop more than one million policies
Sep 30, 2024 · Insurance company State Farm projects it could drop more than one million California policies over the next five years due to impending financial instability.
State Farm General Insurance Company: Update on California
Mar 20, 2024 · State Farm General’s May 2023 decision regarding new applications remains unchanged. We will evaluate the need for any additional business actions as market conditions change. *State Farm General Insurance Company is …
State Farm discontinuing 72,000 home policies in California in …
Mar 22, 2024 · SACRAMENTO, Calif. (AP) — State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week, nine months after announcing it would not issue new home policies in the state.
State Farm - Good Neighbor Stories
State Farm stands prepared and ready to respond to Hurricane Francine. Our State Farm Catastrophe Team® members are deploying to the Gulf Coast to stage for strategic response after the storm and will be on the ground to help residents.
State Farm news - Today’s latest updates - CBS News
State Farm says it will discontinue coverage for 72,000 houses and apartments in California starting this summer, nine months after announcing it wouldn't issue new home policies there. The...
State Farm again is seeking huge increases in home insurance ... - CNN
Jul 2, 2024 · State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the...
State Farm discloses zip codes where it will drop coverage for …
Oct 12, 2024 · At the end of August, State Farm revealed the zip codes this pulling of protection would affect in California. What's happening? According to CBS News, the largest insurer in the Golden State...