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 came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California ...
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
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Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
The largest insurer in the state is requesting a rate increase that would affect every one of its customers, and likely drive up the price of coverage for everyone else.
State Farm General asked Monday for an emergency rate increase averaging 22%, saying the Los Angeles County fires have put ...
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