State Farm Reverses Course, Offering Hope to Wildfire-Affected Homeowners

Auto insurance - State Farm Logo on Building

Thousands of Homeowners Find Relief Amid Uncertainty After devastating wildfires tore through Los Angeles County earlier this month, State Farm has announced a reversal in its policy cancellations, providing much-needed relief to thousands of California residents. Homeowners who feared losing their insurance coverage now have the option to renew their policies, a decision applying to those whose insurance was active as of January 7, 2025—the day the fires ignited. State Farm’s U-Turn in the Face of Crisis State Farm’s decision impacts approximately 1,100 policyholders in Pacific Palisades’ ZIP code 90272…

Read More

Coastal areas will be seeing rate increases by the end of the year

Homeowner’s insurance in South Carolina is expected to rise as the state’s insurers prepare for a busy hurricane season. There is no way to tell whether the 18 hurricanes predicted to form this season will actually reach land, but insurers aren’t taking any chances. Natural disasters in the Southern U.S. have already wrought a terrible toll on the industry, and the year is only half over. Many of the state’s property insurers are now proposing rate increases to help mitigate the cost of potential damage from this year’s hurricanes. The…

Read More