State Farm requests 22 percent emergency rate hike after LA fires
State Farm on Monday requested California state officials approve an emergency interim rate increase, averaging 22 percent for homeowners in the Golden State. Rental dwelling policies would also face an increase, 38 percent, while tenants would see a 15 percent hike. All changes would be effective May 1 if approved, multiple outlets report.
After wildfires ravaged through the Los Angeles area, State Farm is seeking an emergency 22% rate increase. The company said ...
Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an ...
State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers, ...
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for ...
State Farm’s move comes as California’s insurance sector faces an unprecedented crisis. Last year, the company opted not to ...
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike ...
State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...
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