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 ...
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State Farm Slammed For Seeking Up to 38% Policy Hike Following WildfiresState Farm came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California wildfires.
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 ...
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