At $820,000, the region’s median home price remains near all-time highs. But March sales were the third-lowest on record.

Between 2022 and January 2025, after the wildfires ravaged Southern California, State Farm's surplus plunged from $2.24 billion to approximately $620 million, Seligman found, a "massive drop ...

State Farm executives warned that claims from the January Southern California fires could cut into its reserves when it asked for the emergency hike. In California, companies must have rate ...