State Farm seeks rate hikes in California to offset wildfire payouts
California's largest private insurer, State Farm, on Monday urged the state's insurance regulator to approve an emergency hike in rates to help offset the hefty payouts the company is making after devastating wildfires in Los Angeles last month.
Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – ...
The company is seeking rate increases of up to 22% for non-tenant homeowners, 15% for renters and condominium owners, and up ...
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State Farm General requested a 22% emergency rate hike in California on Monday, Feb. 3 to cover losses from the Los Angeles ...
California’s largest private insurer dropped policies in high-risk areas, leaving homes financially unprotected from last ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
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