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State Farm asks for 22% insurance rate hike
State Farm Asks California to Approve ‘Emergency Hike’ in Rates Due to Southern California Wildfires
"SFG needs your urgent assistance in the form of emergency interim approval of additional rate to help avert a dire situation for our customers and the insurance market in the state of California," State Farm said in a filing to the regulator.
State Farm wants to hike insurance rates in California by 22% just weeks after fires tore through LA
State Farm wants to hike insurance rates in California by 22% just weeks after fires tore through LA - Climate-fueled wildfires have led many insurers to pull out of the Golden State in recent years
State Farm, CA’s largest property insurer, demanding 22% rate hike after fires and huge losses
State Farm says that as a result of Prop. 103, it has lost $5 billion over the last 9 years and had no option but to stop underwriting new policies in 2023.
Repairer Driven News
2d
You won’t see a P&C insurance commercial during this year’s Super Bowl as industry cuts advertising spending
There will be no property insurance advertising during this year’s Super Bowl as data shows the industry is spending less on ...
16h
on MSN
Allstate expects $1.1 billion loss from California fires
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern California in January ...
1d
‘Pineapple Express’ storm arrives in Southern California with even more rain expected next week
Forecasters say 'Pineapple Express' storm will probably be beneficial for Los Angeles and Ventura counties, helping to reduce ...
ConsumerAffairs
7d
What to do if you can’t afford homeowners’ insurance or don’t get renewed?
Homeowners’ insurance has become increasingly difficult to afford and harder to get in California and some other states ...
MarketWatch
7d
Progressive Car Insurance vs. State Farm Car Insurance
Shelby studied broadcast journalism at
Southern
Methodist University ... that the Snapshot program is not available in
California
.
State
Farm
’s usage-based program is called Drive Safe & Save ...
1d
California's insurance crisis leaves neighbors facing unequal recovery after wildfires
Unless governments take on the financial burden of serious mitigation efforts, the price of California’s fire risk will ...
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