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.
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
Owner’s title insurance is an optional separate policy serving to shield the buyer from any ownership claims. It’s typically ...
Home and auto insurance premiums may not increase as much as in recent years, but the industry remains under pressure.
It’s one thing to fix your home after something basic has gone wrong, but it’s a different beast to rebuild and recover after a major natural disaster has destroyed multiple properties on your street, ...
Most of the inflation in quoted premiums happened in the first four months of last year with rest of the year seeing relative ...
Note that policy costs in these high-risk states, minus California, averaged $5,040 – roughly 150% more than Golden State ...
If your dwelling coverage is insufficient — due to rising construction costs or something else — you’re responsible for covering the remaining expenses to rebuild. You can find your dwelling limit, as ...
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