State Farm seeks 22% rate hike for California homeowners to cover Los Angeles wildfire losses
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike for homeowners to prevent a “dire situation” for its customers and the broader insurance market in the wake of the disastrous Los Angeles wildfires.
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.
Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an ...
For the second time in the past six months, State Farm insurance executives, on Monday, requested an emergency rate hike, ...
State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...
The Atlanta Hawks and State Farm Arena have launched a new guest chef program and expanded their food and beverage offerings, ...
In a recent report on the top auto insurance providers in Arizona, AutoInsurance.org named State Farm #1 due to its competitive rates, available discounts, and flexible coverage options.
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