CA targets State Farm with penalties, possible underwriting ban over wildfire claim fallout
California regulators are escalating their fight with State Farm. The California Department of Insurance is seeking up to $4 million in penalties and weighing a one-year suspension of the insurer’s ability to write new policies in the state over its handling of claims tied to the January 2025 Los Angeles wildfires, the Los Angeles Daily News reported. The department said its investigation, launched last summer, found the company delayed investigations, underpaid homeowners and repeatedly reassigned adjusters — a tactic claimants referred to as “adjuster roulette”— creating confusion for policyholders already navigating disaster recovery. The probe reviewed 220 claims and identified […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Institutional investor drops $41M on San Dimas industrial park
TPG Angelo Gordon, Lincoln Property get Newport Beach greenlight for townhomes near John Wayne Airport
Pacific Urban buys Miracle Mile apartments from Sares-Regis for $70.5M
Back-to-school spells low point for high-end resi as luxury deals, dollars droop
ELLE Decor Checks In: A Phoenix Hotel That Reimagines Southwest Style
7 Hidden Spots to Check for Water Leaks After a Hard Rain
Inside Coco Chanel and Christian Dior’s Legendary Fashion Rivalry
Irvine Co, USA Properties bring affordable apartments to emerging Orange County master-planned community
For $1.2M, You Can Score a Landmark Craftsman Home in Los Angeles
How to Make a Galley Kitchen Feel Bigger, According to Designers
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA