State Farm
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The commissioner said more work needs to be done, but big companies are interested in coming back.
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Carriers underweight in E&S could lead the charge in the next round of M&A.
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The Republican said his office has launched an investigation into the denials.
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The ratings agency said that it continues to assess State Farm’s balance sheet among the strongest.
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State regulators have largely avoided enforceable AI regulations, but bad news could change that.
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The regulations are designed to address long-term solvency concerns.
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State Farm is under investigation as its premiums have been rising “drastically".
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IBHS CEO Roy Wright says insurers need a comprehensive approach to resilience.
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Roughly half a year since the LA fires, brokers said there’s hope things are turning around.
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The class can collectively challenge State Farm’s property claims calculations.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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Lara approved an interim rate increase for the company just weeks ago.