Tag Archives: state farm

Fire country: A growing threat to homes, lives, real estate careers

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Fire doesn’t just destroy structures, Chris Drayer writes. It changes markets and careers, and if we’re not paying attention, it will burn us. Continue reading →

California investigates State Farm’s wildfire insurance handling

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California’s Department of Insurance is taking a closer look at how State Farm General Insurance Company handled claims tied to the Eaton and Palisades wildfires. On Thursday, the Department informed Inman that it has launched an investigation into the… Continue reading →

State Farm seeks double-digit rate hike in California in wake of LA fires

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The insurer asked the California Department of Insurance to raise rates by an average of 22 percent “to help avert a dire situation” as the company pays thousands of claims related to the fires. Continue reading →

LA agents implore government to pause ULA Tax in wake of wildfires

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Authored by Jason Oppenheim and Ben Belack, the letter, signed by 45 agents, also asks government officials to increase California FAIR Plan wildfire insurance coverage, make an exception for building codes, pause property taxes and more. Continue reading →

3 multimillion-dollar mansions are at risk of sliding into the Pacific

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Three mansions worth $12 million to $16 million in California are at risk of falling into the ocean after a post-storm landslide eroded cliffs in Dana Point. The story has sparked conversations about climate change and rising home insurance costs in th… Continue reading →

Amid growing insurance crisis, Farmers pulls out of Florida

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A number of insurance providers have left Florida over the last year, apparently driven away thanks to extreme weather and a challenging legal landscape. Continue reading →

State Farm exits California homeowners’ insurance market

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Inflation, construction costs and intensifying wildfire seasons pushed State Farm to stop taking new homeowners’ insurance applications in California, the insurance giant announced Friday. Continue reading →