California regulators reject — for now — State Farm’s emergency rate hike request
California insurance regulators are demanding that State Farm answer “critical questions about its financial condition” in response to the company’s request for emergency approval of a steep rate hike for homeowners in the wake of the Los Angeles wildfires.
The plan will impose a special charge on homeowners and insurance companies to cover $1 billion in L.A. wildfire costs ...
As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...
The company says it has received more than 8,700 claims and has already paid $1 billion to Southern California customers. "State Farm is having trouble remaining profitable in California and ...
The Center Square on MSN11d
CA’s largest property insurer demanding 22% rate hike after wildfiresState Farm, California’s largest property insurer, is demanding a 22% emergency rate hike after the Southern California fires ...
"[State Farm is] telling the Department of Insurance, 'hey, it's time. We need to start bringing rates more in line with what the actual risks are here in Southern California in order for us ...
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