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State Farm dropping 72K property insurance policies in California

(KRON) — State Farm Insurance is reducing the amount of homeowners insurance policies it has in California. Those who live in high fire danger areas may soon be without homeowners or renters’ insurance. State Farm, the state’s leading insurer, has announced that over...

‘I lost everything;’ Couple shares story of survival after deadly tornado hits mobile home park – WHIO TV 7 and WHIO Radio

LOGAN COUNTY — A couple cannot return home after a deadly tornado ripped through their area.That couple told News Center 7′s John Bedell that they rode out the storm in their mobile home as winds tossed them outside.John Luhn and Melissa Keeton are...

State Farm Nonrenewing 30K California Homeowners, Renters

State Farm General Insurance Co. said it will non-renew 30,000 California homeowners, rental dwelling, and other property insurance policies State Farm announced in May last year it had stopped accepting new policy applications for property/casualty insurance...

Tokio Marine Has $10 Billion for Potential Acquisitions: Executive

Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world, the co-head of the Japanese insurer’s expanding international business told Reuters. Tokio Marine’s international business has...

Florida’s Citizens Insurance faces U.S. Senate questions

TALLAHASSEE, Fla. – Seizing on a comment by Gov. Ron DeSantis, the chairman of the U.S. Senate Budget Committee has ratcheted up a request for financial information about Florida’s Citizens Property Insurance Corp.U.S. Sen. Sheldon Whitehouse, D-R.I., sent a letter Monday to Citizens...

Customer Satisfaction with Homeowners Insurance Property Claims Declines to 7-Year Low Amid Record Catastrophic Events and Slower-Than-Ever Repair Times, J.D. Power Finds

Amica Ranks Highest in Property Claims SatisfactionTROY, Mich., March 19, 2024--(BUSINESS WIRE)--There were 28 catastrophic weather events in 2023 that each caused more than $1 billion in damage—more than any previous year—and caused a combined total of $92.9 billion in damage nationwide.1 According...