State Farm’s California subsidiary put on negative credit watch by S&P
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State Farm’s California subsidiary put on negative credit watch by S&P

State Farm General has asked California regulators for an emergency rate increase.

By Clark Mindock
February 26, 2025
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Ratings agency S&P has placed the ‘AA’ financial strength and issuer credit ratings of State Farm’s California subsidiary on credit watch with negative implications, citing a deteriorating capital position and worsening regulatory solvency ratios.

The

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Topics

News State Farm Personal lines Homeowners' insurance Regulation California
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