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AM Best Downgrades Ratings of State Farm General

AM Best Downgrades Ratings of State Farm General

Roughly a week after State Farm announced that it would nonrenew tens of thousands of homeowners and commercial apartment policies in California, AM Best has downgraded the company that offered those policies. Last week, State Farm cited its...

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USAA to Lay Off 220 Employees

USAA to Lay Off 220 Employees

USAA is laying off 220 employees in an effort to reprioritize positions amid changing business needs, the San Antonio-based insurer announced this week. This is the latest round of layoffs at USAA, which let go of nearly 1,000 employees in 2023...

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