Farmers Insurance is cutting approximately 11% of its workforce, about 2,400 employees across "all lines of business," the company said in a Monday press release.

California-based Farmers Insurance said Monday it is laying off 11% of its workforce — or 2,400 employees — in a bid to restructure itself for long-term growth.

In 2022, Farmers policies made up a little under 15% of the $12-billion California market for homeowners insurance. State Farm, which had been on a five-year sprint to expand its market share in ...

Farmers said the move will affect only company-branded policies, which make up about 30% its policies sold in the state. As a result, nearly 100,000 Florida customers would lose their insurance ...

Now, if this is your insurance company, know that Farmers Insurance must give you 120 days notice before they drop you. Pursuant to state law, the notices will start going out in October, ...