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California Insurer Canceled Policies

Hosted on MSN · 8h

Who Is Jon Farney? State Farm CEO Faces Fury Over California Insurance Cuts

State Farm, one of the biggest insurers in California, canceled hundreds of homeowners' policies last summer in Pacific Palisades.

Washington Examiner on MSN · 1d

State Farm canceled California homeowners’ insurance policies months before wildfires

The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid "financial failure."

State Farm cancelled 72,000 California homeowners' insurance policies in 2024

James Woods has lost his Pacific Palisades home in the Southern California fires that continue to devastate parts of Los Angeles. Speaking on CNN, the 77-year-old “Vampires” and “Once Upon a Time in America” actor broke down in tears discussing the harrowing situation in his neighborhood. “One day you’re swimming in the pool and the …

Insurance Crisis That Will Follow the California Fires

The New Yorker · 3h

The Insurance Crisis That Will Follow the California Fires

In 2019, the number of homeowners’ policies in California that were not renewed jumped by more than thirty per cent. In 2023, two giant insurers, State Farm and Allstate, announced that they would stop writing new policies for various forms of property insurance in California.

California overhauled its insurance system. Then Los Angeles caught fire.

The Palisades Fire could cause more than $10 billion in damages, further straining the state’s fragile insurance market.

POLITICO on MSN · 2d

LA fires could break California's insurance market

Wednesday's firestorm in a wealthy area of Los Angeles could be the final straw that breaks California's insurance market. The state's insurance market has been teetering on the edge of insolvency for years thanks to catastrophic wildfires that have driven many insurers to stop writing new policies and drop existing ones.

13hon MSN

California insurance crisis: List of carriers that have fled or reduced coverage in the state

California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires ...

2hon MSN

California insurance commissioner issues 1-year moratorium to protect Southern California homeowners

The California insurance commissioner issued a mandatory one-year moratorium on non-renewals and cancellations to protect ...

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