State Farm seeks 22% rate hike for California homeowners to cover Los Angeles wildfire losses
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike for homeowners to prevent a “dire situation” for its customers and the broader insurance market in the wake of the disastrous Los Angeles wildfires.
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
California’s largest private insurer dropped policies in high-risk areas, leaving homes financially unprotected from last ...
State Farm General asked Monday for an emergency rate increase averaging 22%, saying the Los Angeles County fires have put ...
The insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of ...
The largest insurer in the state is requesting a rate increase that would affect every one of its customers, and likely drive up the price of coverage for everyone else.
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