Browsing: State Farm

Lemonade’s CEO, Dan Schreiber, discussed the evolving role of AI in the insurance industry, critiquing State Farm’s 2018 ad campaign that mocked AI chatbots.

State Farm receives preliminary approval for a 22% home insurance rate increase, subject to conditions and public scrutiny, as California’s insurance market struggles with wildfire risks.

California regulators approve a preliminary rate increase for State Farm, but with stipulations regarding customer non-renewals and financial transparency.

California Insurance Commissioner Ricardo Lara has approved State Farm’s request to increase home insurance premiums, contingent upon the company meeting certain conditions and winning approval at a public hearing.

Commissioner John King assures lawmakers that the state has authority to oversee compensation agreements within the insurance industry.

The FAIR plan bailout highlights the instability in California’s home insurance market, driven by escalating wildfire risks due to climate change.

California Insurance Commissioner Ricardo Lara has provisionally approved State Farm’s request for an emergency interim rate increase, subject to a public hearing where the company must justify the increase with supporting data.

As California’s insurance commissioner considers State Farm’s request for emergency rate increases, the company and a consumer group present their opposing arguments.

A federal judge in Florida has denied State Farm’s motion for summary judgment in a case concerning insurance coverage for a car accident, emphasizing the potential legal significance of certificates of insurance.

California homeowners face rising insurance rates as climate change fuels increasingly destructive wildfires. This article examines the conflict between insurance providers and regulators, highlighting the broader economic impact of the climate crisis.