Insurance company documents aren’t exactly renowned for being riveting reading. This week, however, State Farm, the largest insurance firm in the US by premium volume, came out with an eyeball-grabbing update: it has stopped accepting new homeowner insurance applications in California.In a statement,...
Allianz, a German insurance company, was one of several businesses to announce its exit from the Net-Zero Insurance Alliance, a climate coalition.
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Tokio Marine Holdings Inc., Japan’s largest insurer by market value, is withdrawing from the Net Zero Insurance Alliance, the latest in a wave of defections from the world’s biggest climate alliance for insurers.
The company declined...
STACKER — Dive into the wild world of the #KiaChallenge – where hot-wiring and car thefts run rampant. Will this Kia Challenge affect your car insurance premiums? If you are a proud owner of a Kia or Hyundai, you should listen up and grab...
State Farm Insurance has announced it will no longer offer new home insurance policies in California due to rising wildfire risks and construction costs.The insurance company blamed its decision, which took immediate effect Saturday, on “historic increases in construction costs outpacing inflation, rapidly...
As of Saturday, State Farm is longer accepting new applications for homeowner’s insurance in California, attributing that to the growing risk of climate catastrophes like wildfires and also to spiking construction costs.
In the last half-decade, Californians have weathered whiplash from the worst wildfire...
