California's FAIR Plan may have to cover thousands of smoke-damage claims it had previously denied, following a Los Angeles Court ruling. On June 24, Los Angeles County Superior Court Judge Stuart ...

In recent weeks, California homeowners have filed individual suits against State Farm, USAA, and AAA for alleged widespread ...

State Farm General, the largest insurer in California, stands accused of orchestrating a “multi-faceted illegal scheme” to underinsure California homeowners in an effort to grow its market share, ...

State Farm, the largest home insurer in the country, said it had received a total of 12,855 claims related to the fires as of June 10 and had already paid more than $3.96 billion in claims.

California opens probe into State Farm‘s wildfire claim handling. Survivors report delays, denials, and excessive documentation demands. Over 13,000 claims and $4B in payouts tied to January ...

After escalating complaints from homeowners, the California Department of Insurance (CDI) has opened a formal investigation into State Farm’s handling of wildfire-related insurance claims ...

Hedge funds are facing pushback in California as their bets tied to insurance claims stemming from the Los Angeles wildfires are attacked as unethical. The transactions in focus are tied to so ...

Los Angeles County fire victims sue AAA and USAA, alleging insurance fraud Oceanfront homes are left in rubble by the Palisades fire on Pacific Coast Highway in Malibu on Jan. 25.

USAA insured the home “after a simple interview over the phone,” according to the suit. They had a coverage limit of $584,000 on the house, plus 25% — $146,000 — extended replacement cost ...