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State Farm asks California to approve rate hikes

Times of San Diego on MSN · 1d

State Farm Asks for 'Emergency Hike' in Rates Due to Southern California Wildfires

The company is seeking rate increases of up to 22% for non-tenant homeowners, 15% for renters and condominium owners, and up to 38% for rental dwellings. Non-tenant homeowners are investors who don’t live in the property they own.

Fox Business on MSN · 2d

State Farm asks California to approve rate hikes after wildfires

State Farm is asking California's insurance regulator to approve an emergency rate hike due to the number of claims it received after last month's devastating wildfires.

Newsweek on MSN · 2d

State Farm Slammed For Seeking Up to 38% Policy Hike Following Wildfires

State Farm came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California wildfires.

insurancebusinessmag2d

CDI says "serious questions" over State Farm's financial condition

State Farm’s move comes as California’s insurance sector faces an unprecedented crisis. Last year, the company opted not to ...

1don MSN

State Farm proposes home insurance price hike after $1 billion spent on LA fire claims

State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...

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