-
State Farm swings to $5.3bn net profit in 2024
03 March 2025US insurer has paid out $2.2bn so far for LA wildfires, says CFO
-
Consumer Watchdog dubs State Farm's rate hike bid a "backroom bailout"
27 February 2025Consumer advocates, State Farm and Ricardo Lara met yesterday
-
State Farm General says it "would be insolvent" without reinsurance for LA fires
26 February 2025SFG meets California's Insurance Commissioner today to request 22% rate hike
-
State Farm "very disappointed" Ricardo Lara has not approved 22% home rate hike
17 February 2025California's insurance commissioner has demanded State Farm General further justify its request
-
State Farm petitions Ricardo Lara for "immediate emergency" 22% home policy rate hike
04 February 2025US insurer wrote to California's Insurance Commissioner yesterday
-
California fires heap pressure on state's FAIR Plan
15 January 2025Moody's says FAIR Plan now "working far beyond its original brief"
-
Farmers Insurance resumes coverage in California
12 December 2024Insurer returns to state after one year pause, highlighting CDI's insurance strategy
-
California insurers battle judge veto on CDI rate hikes
22 November 2024Judge said rate increase for State Farm does not follow regulatory procedure
-
Hurricane Helene will be earnings not capital event, S&P says
04 October 2024State Farm has biggest exposure to states most hit by hurricane
-
State Farm could cut a million Californian policies by 2028
30 September 2024Insurer faces solvency challenges unless allowed to raise rates