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.
State Farm wants to raise home insurance rates for Californians by an average of 22% after the company paid out roughly $1 ...
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Len Ramirez reports on critics calling out State Farm over the company's trying to get its second insurance rate hike since ...
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