The Latest Breaking News from State Farm

California insurance market rattled by withdrawal of major companies

Two insurance industry giants have stepped back from the California marketplace

The Independent UK · Jun 5, 2023

California Regulations Prevent Insurers From Accurately Pricing Wildfire Risk, so Now They're Fleeing the State

California homeowners are finding out that government-imposed market distortions cannot be maintained forever.

Reason · Jun 1, 2023

Insurer cites "growing catastrophe exposure" as it stops new sales in California

7,490 wildfires razed 362,455 acres and killed nine people last year, per Cal Fire.

Axios · May 29, 2023

Dealers still sell Hyundais and Kias vulnerable to theft, but insurance is hard to get

Some insurance companies have stopped issuing new policies for models that are subject to a high rate of thefts, but consumers are still able to buy the cars.

WEKU · May 4, 2023

Who says Florida property insurers aren’t taking new customers? See whether yours added or subtracted policies

Apparently not all Florida-regulated property insurance companies are too financially troubled to take on new customers.

Tribune News Service · Apr 17, 2023

Historic rain and flooding results in 820 auto insurance claims in Florida so far — and that’s just one company

Auto insurance claims are already being reported by South Florida residents whose vehicles were inundated by this week’s historic flooding.

Tribune News Service · Apr 13, 2023

Thefts of Kias, Hyundais in Colorado chase away auto insurance companies

With car thefts spiking in Colorado the past few years, three auto insurance carriers are now declining to cover certain vehicles, leaving at-risk owners with fewer options.

The Denver Post · Mar 16, 2023

Was the solution to Florida’s insurance crisis found 15 years ago?

TALLAHASSEE, Florida — Florida’s property insurance market was in freefall in 2006 after a series of hurricanes. Premiums were rising. Insurers were going out of business or threatening to leave the state.

Tribune News Service · Mar 2, 2023

Californians are in for another bill increase: car insurance

Some California drivers will be getting a nasty surprise when they open their car insurance bills this year.

Los Angeles Times · Feb 21, 2023

3 Standout Stocks With Major Growth Potential in 2023

The Fed’s downshift on tightening in response to the continued decline in inflation and growing odds of the economy achieving a soft landing could help growth stocks rebound strongly this year. Amid improving investor sentiment, it could be wise to invest in fundamentally sound stocks Salesforce (CRM), ADT Inc. (ADT),…

StockNews.com · Feb 17, 2023