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Social inflation causing insurance rates to jump, no end in sight for rising premiums in 2024

Insurance rates are rising for customers as insurers struggle to deal with claim payouts.

United statesNorth carolinaSan franciscoFarm mutual automobile insurance companyCarolina rate bureauMorgan stanleyInsurance companyNorth carolina rate bureauState farmSan francisco chronicleState farm mutual automobile insurance companyState farm general insurance company

Social inflation causing insurance rates to jump, no end in sight for rising premiums in 2024

Insurance rates are rising for customers as insurers struggle to deal with claim payouts.

United statesSan franciscoNorth carolinaMorgan stanleyInsurance companyFarm mutual automobile insurance companyCarolina rate bureauState farmSan francisco chronicleState farm mutual automobile insurance companyState farm general insurance company

Deadly Floods In California Puts 38 Million Under Emergency Alert While State Faces Massive Insurance Crisis - Allstate (NYSE:ALL), Erie Indemnity (NASDAQ:ERIE)

Unprecedented levels of rainfall have caused the low-elevation sections of the Los Angeles area to flood with water and mud.

United statesJosephp lacher jrLos angelesGavin newsomDaniel swainInsurance companyFarmers insurance groupKemper corpAllstate corpLa timesCalifornia department of insuranceFidelity national financial incZurich insurance groupGovernor gavin newsomErie indemnityFidelity national financial

San Diego sees spike in home insurance rates

Citing inflation and future concerns for wildfires, several of California’s biggest insurance companies have been given permission by state leaders to substantially.

Mission valleyUnited statesSan diego countyTony obregonCarmen balberFarm mutual automobile insurance companyInsurance companySan diegoSan diegansExecutive directorState farm mutual automobile insurance companyState farm general insurance company

State Farm to raise homeowners rates in California

Adjustment driven by "increased costs and risk"

United statesSan franciscoHarvey rosenfieldRicardo laraFarm mutual automobile insurance companyDepartment of insuranceInsurance companyState farmState farm mutual automobile insurance companyState farm general insurance companyUnited policyholdersConsumer watchdogCommissioner ricardo laraHomeowners insurance

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