The company is seeking rate increases of up to 22% for non-tenant homeowners, 15% for renters and condominium owners, and up ...
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for ...
State Farm is asking California's insurance regulator to approve an emergency rate hike due to the number of claims it ...
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State Farm came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California wildfires.
In a press release issued on February 3, 2025, State Farm General requested immediate approval from the California Department of Insurance for interim rate increases, including an average 22% hike for ...
State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers, ...
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
State Farm seeks urgent insurance rate increases, citing financial strain from LA fires and market challenges.