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State Farm asks for 22% insurance rate hike
State Farm Was All In on California—Until It Pulled the Plug Before the Fires
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to the state’s home-insurance crisis.
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.
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.
2d
on MSN
State Farm asks for approval to increase California home insurance rates by an average of 22%
Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California ...
4h
on MSN
Consumer Watchdog says State Farm shouldn’t ask Californians to pay more
As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...
HousingWire
7h
Insurance exodus left many properties unprotected from the LA fires
California’s largest private insurer dropped policies in high-risk areas, leaving homes financially unprotected from last ...
4h
Chicks Raised to Lay Eggs Are Lost in Fire at a Large Farm in Ohio
The chicken-raising facility in western Ohio was licensed to house about 280,000 young hens. The destruction came amid egg ...
6h
on MSN
Allstate says California wildfires to bring company $1.1 billion in losses
Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – ...
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