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 General asked Monday for an emergency rate increase averaging 22%, claiming the Los Angeles County fires have put ...
The Bloomington-based insurer already has paid out more than $1 billion in claims from recent wildfires that have ravaged the ...
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