State Farm Seeks Rate Increase

State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month.
State Farm seeks emergency rate increase averaging 22% after L.A. fires
State Farm General asked Monday for an emergency rate increase averaging 22%, claiming the Los Angeles County fires have put California's largest insurer in tough financial straits.
State Farm Seeks Rate Increase Following Los Angeles Fires
Insurer State Farm has asked the state of California to approve interim rate increases in the wake of wildfires that ravaged the Los Angeles area. State Farm said Monday it asked the state's Department of Insurance for an immediate approval to the rate increases,
State Farm Seeks Emergency 22% Rate Hike After $1 Billion in Wildfire Payouts
State Farm is pushing for an emergency 22% rate increase in California, citing massive financial losses from the Los Angeles wildfires in January. On Monday, the insurance company asked the […] The post State Farm Seeks Emergency 22% Rate Hike After $1 Billion in Wildfire Payouts appeared first on Baller Alert.
State Farm warns of ‘dire’ financial situation in California, asks for ‘emergency’ rate hike
State Farm General, already facing financial peril before the Los Angeles wildfires, has asked state insurance regulators to approve an immediate price hike to prevent “a dire situation” for both its policyholders and the entire California market.
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