State Farm: 'We are very disappointed the Commissioner ignored his department’s recommendation.’

More than 30,000 claims have been filed so far.

Policyholder fees could pass some of the assessment cost on to consumers.

The company is the latest California insurer to report a billion-dollar hit.

Most of the lawsuits were filed in the Northern District of Illinois, where Allstate is based, but one is in the Northern District of California.

PIA notes that crop insurance is a farmer’s first line of defense against natural disasters.

The program will borrow money from the government to cover claims.

Homeowners' insurance generated $1.3 billion of underwriting income for the insurer in 2024 and covered $3.7 billion in losses.