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State Farm asks for insurance rate hike of 22 percent
State Farm proposes home insurance price hike after $1 billion spent on LA fire claims
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after premiums were kept artificially low.
State Farm asks for insurance rate hike of 22 percent after L.A. fires
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in the history of the company.”
State Farm Seeks Emergency California Rate Hike After Fires
State Farm, the largest home insurer in California, is asking for an emergency rate hike from state regulators as it warns that multibillion-dollar payouts from the Los Angeles wildfires threaten its balance sheet and the broader insurance market.
1h
State Farm Seeks Urgent Rate Hike for Wildfire Payouts
NYC’s new transit leader builds a worker-driven strategy, and the latest on Elon’s ‘buyout’ offer to federal workers.
21h
on MSN
State Farm asks for emergency 22% increase for California premiums, but critics cry foul
Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an ...
58m
State Farm seeks emergency rate increase averaging 22% after L.A. wildfires
State Farm General, California’s largest insurer, has asked the California Department of Insurance to approve a rate hike ...
20h
State Farm Seeks an Urgent Increase in California Rates After Fires
State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers, ...
5h
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 ...
22h
on MSN
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 ...
18h
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 ...
3h
State Farm seeks emergency 22% rate increase following the devastating wildfires in Los Angeles
After wildfires ravaged through the Los Angeles area, State Farm is seeking an emergency 22% rate increase. The company said ...
12h
State Farm seeks 22% rate hike for California homeowners to cover Los Angeles wildfire losses
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike ...
Atlanta Journal-Constitution
4h
Netflix’s venture into livestreaming visits State Farm Arena with WWE’s ‘Raw’
Thousands filled the seats of State Farm Arena for the first episode of "Monday Night Raw" held in Atlanta under the WWE's new partnership with Netflix.
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Related topics
California
Los Angeles
home insurance rates
LA wildfires
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