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.
Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an ...
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike ...
State Farm General asked Monday for an emergency rate increase averaging 22%, saying the Los Angeles County fires have put ...
State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern California in January ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
The state’s regulator wants insurance carriers to pay full policy limits without requiring victims to itemize every object in ...
Unless governments take on the financial burden of serious mitigation efforts, the price of California’s fire risk will ...
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