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State Farm Seeks an Urgent Increase in California Rates
State Farm Asks California to Approve 'Emergency Hike' in Rates Due to Southern California Wildfires
"SFG needs your urgent assistance in the form of emergency interim approval of additional rate to help avert a dire situation for our customers and the insurance market in the state of California," State Farm said in a filing to the regulator.
State Farm asks for emergency 22% increase for California premiums, but critics cry foul
Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an average of 22%.
State Farm Seeks an Urgent Increase in California Rates After Fires
State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers, according to the company. The insurer expects to pay out significantly more, and the fires will be the costliest in the history of State Farm, the company said.
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State Farm proposes home insurance price hike after $1 billion spent on LA fire claims
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
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on MSN
California State Farm homeowners frustrated by rejected water damage claims. ‘No basis’
State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...
Opinion
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on MSN
Opinion
Column: What does Trump know about California’s water system? So much less than he’d ever admit
Decades ago, Mayor Karen Bass admitted she knew little about California water policy, so she set out to learn. President ...
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