State Farm

11 Stories

State Farm Won't Renew 72K Home Policies in California

The move comes 9 months after the company announced it wouldn't offer new policies there

(Newser) - State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week, nine months after announcing it would not issue new home policies in the state. The Illinois-based company, California's largest insurer, cited soaring costs, the increasing risk of...

Town Decimated by Fire Has New Obstacle to Rebuild

Homeowners in California town of Paradise find home insurance premiums have skyrocketed

(Newser) - The soaring cost of home insurance has consumed the California town of Paradise, residents and officials say, just after the five-year anniversary of the Nov. 8, 2018, Camp Fire, the deadliest wildfire in California history. Residents have received annual premiums that are near or exceed $10,000—leaving many to...

Another Insurer Stops Selling California Homeowner Policies

Allstate has put new policies in the state on pause

(Newser) - Another big insurance company has quietly stopped selling home insurance in California. Allstate, which in 2021 was the fourth-largest property and casualty insurance provider in the state, is no longer writing new homeowner, condo, or commercial insurance policies there, the San Francisco Chronicle reports. The company says the pause on...

TikTok Trend Leads to More Bad News for Kia, Hyundai Owners

State Farm, Progressive drop new policies for some models

(Newser) - Following the TikTok challenge involving joyrides in Kias and Hyundais that are shockingly easy to steal , State Farm and Progressive will no longer be issuing new auto insurance policies for certain Kia and Hyundai models. The model years involved are 2011 to 2021, and the vehicles involved don't have...

State Farm: Rodgers Has Been a 'Great Ambassador'

But his ads for the firm haven't been airing much lately

(Newser) - State Farm is standing by Aaron Rodgers, with its words if not its actions. A company spokeswoman told USA Today Monday that the Green Bay Packers quarterback has been "a great ambassador for our company for much of the past decade," and while State Farm doesn't support...

Jury Awards Shannen Doherty $6.3M to Rebuild Her House

Actress had sued insurance company over settlement after wildfire

(Newser) - Update: A Los Angeles jury has agreed that Shannen Doherty is owed more money by her insurer after her house was hit by a wildfire—to the tune of $6.3 million. The actress had sued, arguing that the house was so damaged that it needed to be rebuilt, while...

One Company Has Already Laid Off 10K in 2017

Macy's isn't alone, though, in racking up such job losses

(Newser) - The good news: The number of layoffs in the US has improved since last year: By the end of July in 2017 there were 255,000 in total, while by the same time in 2016 there were 360,000. The bad news: Per a 24/7 Wall St. analysis, there are...

Sinkhole a Big Headache for Florida Church

Church says it can't use building, but State Farm says there's 'no problem'

(Newser) - Florida has been hit with yet another suspected sinkhole —this one preventing a North Naples congregation from using a beloved church. "The floor in the main auditorium has sunk about four-and-a-half inches in one area," says the pastor at Faith Community Church. A landscaper has already tumbled...

State Farm Cancels Policies on Florida Coast

125K are losing coverage in middle of hurricane season

(Newser) - State Farm, Florida’s top home insurer, is ditching 125,000 of its coastal customers this year—right in the middle of hurricane season. The cancellation notices will start flowing this week, informing residents that they’ll be unprotected starting Aug. 1, NBC News reports. State Farm says it’s...

Denied Rate Hike, State Farm to Axe Fla. Home Insurance

Company holds 1.2M policies in state hit hard, and often, by nature

(Newser) - Citing a “weakened financial position,” State Farm’s Florida operation is planning to completely exit the home insurance business there within 2 years, the Miami Herald reports. Such a move would need regulatory approval, and require a 180-day heads-up to affected homeowners. The move comes after the insurer,...

As Money Woes Rise, Drivers Let Insurance Lapse

Jobless Americans can't afford insurance

(Newser) - As the unemployment rate climbs, so, too, does the number of drivers letting their car insurance lapse, the Wall Street Journal reports. One industry group says several hundred thousand drivers dropped their insurance in the last year alone. A study two years ago pegged the percentage of uninsured drivers at...

11 Stories