Downgrade Of State Farm General's Credit Rating
(CTN News) - The Financial Strength Rating (FSR) and Long-Term Issuer Credit Rating (Long-Term ICR) of State Farm General Insurance..............
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(CTN News) - The Financial Strength Rating (FSR) and Long-Term Issuer Credit Rating (Long-Term ICR) of State Farm General Insurance..............
AM Best has knocked down the insurer's Financial Strength Rating due to "weak" balance sheet strength
Insurance non-renewals continue even as Commissioner Ricardo Lara introduces regulations favored by the industry.
With more California homeowners just discovering their insurance policies are getting canceled — and hundreds of thousands of others stuck with a pricey option of last resort — state Insurance Commissioner Ricardo Lara’s efforts to fix the home insurance market can’t come quickly enough.
State Farm General Insurance Company announced on March 20 it will not renew more than 70,000 insurance policies covering homeowners and commerical apartment buildings in California.