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1. sfstandard.com › 2023/07/07 › farmers-insuranceAfter State Farm’s California Exit, Farmers Insurance Sets Limits

   sfstandard.com › 2023/07/07 › farmers-insurance

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   Jul 7, 2023 · Farmers outlined its decision to limit new business in California in two underwriting updates in a March filing with the Department of Insurance, which oversees the industry in California.

2. www.desertsun.com › story › moneyCalifornia insurance crisis: Will Farmers offer policies again?

   www.desertsun.com › story › money

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   Apr 12, 2024 · Some Farmers affiliates stopped writing insurance in California late last year, but Farmers spokesperson Luis Sahagun told CalMatters at the time that other Farmers entities, which provide...

   • Author: Levi Sumagaysay

3. Top Stories

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     CNN Business via Yahoo

     State Farm again is seeking huge increases in home insurance rates in California

     State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the state’s troubled insurance market.

     6 days ago

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4. calmatters.org › economy › 2024California insurance chief, Farmers CEO ‘look outside’ for ...

   calmatters.org › economy › 2024

   Apr 11, 2024 · California insurance chief, Farmers CEO ‘look outside’ for answers to insurance crisis. From left, California Insurance Commissioner Ricardo Lara and Raul Vargas, CEO of Farmers Insurance, speak during the Global Sustainable Insurance Summit at Hotel Indigo in downtown Los Angeles on April 10, 2024. Photo by Ted Soqui for CalMatters.

   • Occupation: Economy Reporter

5. www.latimes.com › business › storyFarmers Insurance lays off 2,400 workers - Los Angeles Times

   www.latimes.com › business › story

   Aug 28, 2023 · Farmers Insurance, one of the nation’s largest property and casualty insurers, is laying off 2,400 workers, representing 11% of its total workforce. The Los Angeles-based company cited a need...

   • Email: sam.dean@latimes.com

   • Occupation: Staff Writer

6. www.cnn.com › 2023/08/29 › businessFarmers Insurance to lay off 2,400 workers across its entire ...

   www.cnn.com › 2023/08/29 › business

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   California-based Farmers Insurance said Monday it is laying off 11% of its workforce — or 2,400 employees — in a bid to restructure itself for long-term growth. The jobs being cut are from...

7. www.insurancejournal.com › news › westFarmers Limits New Homeowners Policies in California ...

   www.insurancejournal.com › news › west

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   Jul 7, 2023 · Farmers will limit new homeowners insurance policies in California, according to a statement issued by the carrier that follows a similar decision by State Farm last month and adds to a...

8. People also ask

   What happened to Farmers Insurance?

   • In an email to The Standard, a Farmers spokesperson confirmed that the company had “paused” several insurance programs and was limiting the amount of new business it takes on.

   After State Farm’s California Exit, Farmers Insurance Sets Limits

   sfstandard.com/2023/07/07/farmers-insurance-state-farm-allstate-california/

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   Is farmers a good company in California?

   • Despite these negative trends, Farmers has been faring better than most of its competitors in California. State Farm’s home and auto lines lost more than $2 billion in the first three months of 2023, with $1.8 billion in losses coming from its car insurance division alone. Farmers, by comparison, lost about $150 million in the same period.

   Farmers Insurance lays off 2,400 workers - Los Angeles Times

   www.latimes.com/business/story/2023-08-28/farmers-insurance-lays-off-2-400-workers

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   Is farmers selling home insurance to Californians?

   • In an email to The Standard, Michael Soller, a deputy commissioner at the Department of Insurance, stressed that Farmers is continuing to sell home insurance to Californians. “We do not expect their footprint in the state to change significantly one way or another,” he said. But something does appear to be changing.

   After State Farm’s California Exit, Farmers Insurance Sets Limits

   sfstandard.com/2023/07/07/farmers-insurance-state-farm-allstate-california/

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   Does farmers still have a home insurance policy?

   • “They continue to have many choices including Farmers. The Department of Insurance understands Farmers has been writing 7,000 monthly new homeowners policies on average. So this is not a departure. We do not expect their footprint in the state to change significantly one way or another.

   Farmers Limits New Homeowners Policies in California, Prompting Insurer

   www.insurancejournal.com/news/west/2023/07/07/729194.htm

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9. www.yahoo.com › news › farmers-californias-secondFarmers, California's second-largest insurer, limits ... - Yahoo

   www.yahoo.com › news › farmers-californias-second

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   Jul 11, 2023 · In 2022, Farmers policies made up a little under 15% of the $12-billion California market for homeowners insurance. State Farm, which had been on a five-year sprint to expand its market share...