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The Latest Breaking News from State Farm

Bad To Worse

From insurance to affordable housing mandates, California's regulatory noose tightens over wildfire rebuilding efforts.

Reason

4 Ways to Lower Your Home Insurance Premium in 2025

Learn how to reduce your homeowners insurance premiums with these four effective strategies.

Kiplinger

Burned: “Good Neighbor” State Farm Seeks Huge Rate Hikes After L.A. Fires

Will Insurance Commissioner Ricardo Lara bow to the industry giant or protect disaster-stricken Angelenos?

Capital & Main

From analysis to the latest developments in health,
read the most diverse news in one place.

Home Insurance Stocks Face Big Losses From California Fires. Will Investors Foot The Bill?

Fire and hurricane losses cast a shadow over insurance stocks. But a deep dive shows several positives lining up for the industry.

Investors Business Daily

California insurance plan asks private insurers for $1bn after wildfires

Private plans, such as State Farm, required to give to Fair plan so all residents have access to fire insurance

The Guardian - US

State Farm announces harsh decision after LA wildfires

The insurer has sounded the alarm on a growing problem, leading it to make a controversial move.

The Street

California wildfires will cost insurers billions

Allstate says it will incur a $1.1 billion loss.

The Street

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California's insurance crisis leaves neighbors facing unequal recovery after wildfires

Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a story of contrasting fortunes and unequal recovery, a stark reflection of the nation’s growing home insurance crisis

The Independent UK

State Farm Seeks Emergency Insurance Rate Hikes in California After Wildfires

State Farm has requested emergency rate increases of up to 38% in California, citing wildfire-related losses. Here’s what homeowners need to know.

Kiplinger

State Farm wants to hike insurance rates in California by 22% just weeks after fires tore through LA

Climate-fueled wildfires have led many insurers to pull out of the Golden State in recent years

The Independent UK

The Chiefs are meant to be hated, and it’s absolutely okay to hate them

Seriously, enough of the Chiefs already.

USA Today Sports Media Group

Patrick Mahomes' net worth, contract, investments & more

He's arguably the best player in the country's most prominent sports league — but how much is Kansas City Chiefs quarterback Patrick Mahomes worth?

The Street

How Big Insurance’s Investment in Fossil Fuels Came Back to Bite It

In a vicious cycle, the sector’s financing of oil and gas is having an impact on its bottom line.

Capital & Main

No Home, No Insurance: The Double Hit From Los Angeles Fires

As he looks at the ruins of his home razed when deadly fires tore through the Los Angeles area, Sebastian Harrison knows it will never be the same again, because he was not insured.

International Business Times

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The Street

State Farm makes major policy change amid LA fires outrage

The insurance giant just unveiled a crucial update to a controversial policy.

Al Jazeera

LA wildfires: Is insurance the next battlefront for California residents?

Before the Los Angeles wildfires, insurers such as State Farm started to pull out of fire-prone California.

Top News

State Farm To Offer Policy Renewals For LA Wildfire Victims

State Farm Insurance commits to renew policies for homeowners affected by LA wildfires, providing stability and support.

The Guardian - US

‘A ton of unknowns’: months ago, LA residents lost wildfire insurance. Then the fires came

After insurers like State Farm dropped policies, to switch to the state’s Fair plan was prohibitively pricey for many

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Latin Times

Los Angeles Wildfires Spark Housing Crisis as Rents Soar and Price Gouging Grows

The insurance landscape is also a growing concern for homeowners, as insurers withdraw from high-risk areas, leaving homeowners without coverage or facing higher premiums.

Reason

California's Insurance Regulation Fixes Came Too Little, Too Late

Decades-old, voter-approved restrictions on insurers raising premiums have created a regulatory disaster to match the natural one.

International Business Times UK

Thousands of Californians Uninsured: What Happens When Wildfires Destroy Their Homes?

Although insurers have been dropping coverage for California homeowners for years, new rules announced weeks ago will mandate them to offer policies in high-risk regions.

Fortune

All eyes are on State Farm’s next move as wildfires rip through Los Angeles

State Farm announced it would end coverage for 72,000 homes and apartments in the state earlier this year.

The Independent UK

California bars insurers from dropping fire victims until 2026. What to know

As the Palisades and Eaton fires wreak havoc on Los Angeles, the state insurance commissioner is taking action to protect home insurance policy owners

International Business Times

Insurers Could Face $20 Billion In Loses From California Wildfires, Double Original Estimates

The blazes, which have killed at least 10 people, are scorching some of the most expensive communities in the United States, home to movie stars' multi-million mansions

The Guardian - US

After the fire, the insurance battles: LA victims’ ordeal may just be beginning

‘Now we have to make sure there’s not a second, financial tragedy that follows the physical catastrophe,’ says consumer advocate

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