Archive

California commences "major enforcement action" against State Farm over LA fire claims

Department of Insurance says damages sought could be largest pursued after a US disaster

State Farm has Californian property rate hikes cut in tripartite agreement

Consumer Watchdog says Californians save $530m compared to rate hikes SFGI wanted

Berkshire Hathaway overtakes Allianz as world's largest insurer

AM Best's January 2026 rankings highlight continued dominance of US health insurers by premium volume

State Farm downgraded by AM Best

Illinois regulator files suit against State Farm for withholding insurer data

State Farm under fire for 27% home rate hike in Illinois

General insurer cites extreme weather and rising replacement costs

State Farm gets 17% home policy rate hike in California, but must receive $400m capital backing

Consumer Watchdog called Ricardo Lara's rate decision "a great disappointment for consumers"

Lloyd's syndicates reveal LA fire loss expectations

Infernos will be "devastating to the state and [its] insurers," says Ariel Re

State Farm wins provisional nod for 22% Californian homeowner rate hike

But group must still prove it needs the hike, and inject $500m into non-life unit

State Farm swings to $5.3bn net profit in 2024

US insurer has paid out $2.2bn so far for LA wildfires, says CFO