Browsing: California

Homeowners in California have filed twin lawsuits against over 200 insurance companies, alleging collusion to force them into the state’s insurer of last resort, the California FAIR Plan Association, following devastating wildfires in 2025.

A Fremont-based Farmers Insurance agent alleges the company sent cancellation letters to clients claiming they requested to cancel their policies when they didn’t.

State Farm General Insurance Company has requested an additional 11% home insurance rate hike in California on top of the previously approved 17% increase

State Farm dropped 1,600 insurance policies in Pacific Palisades six months before devastating fires swept through the community, leaving many homeowners vulnerable.

Two lawsuits filed in Los Angeles allege 25 major insurance companies colluded to limit coverage for homeowners in high-risk wildfire areas, forcing them onto California’s FAIR insurance plans

California insurance regulator approves State Farm’s request for emergency rate hike up to 38% for homeowners and rental properties

California homeowners face another sharp increase in insurance rates as State Farm raises prices by 17%, following a 20% hike last year, amid growing concerns over climate change and its impact on the insurance industry.

California regulators have approved a temporary 17% property insurance rate hike for State Farm customers following January wildfires that caused significant economic losses.

State Farm is requesting an additional 11% rate hike on top of the already approved 17% increase, totaling a 30% rise in home insurance premiums for California customers.

California’s home insurance woes are more a result of regulatory climate than actual climate change