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.
As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies ...
The largest insurer in the state is requesting a rate increase that would affect every one of its customers, and likely drive ...
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
State Farm is asking California's insurance regulator to approve an emergency rate hike due to the number of claims it ...
State Farm General requested a 22% emergency rate hike in California on Monday, Feb. 3 to cover losses from the Los Angeles ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in ...
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike ...
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State Farm requests 22 percent emergency rate hike after LA firesState Farm on Monday requested California state officials approve an emergency interim rate increase, averaging 22 percent ...
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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