State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in ...
Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California ...
State Farm General requested a 22% emergency rate hike in California on Monday, Feb. 3 to cover losses from the Los Angeles ...
State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market ...
State Farm on Monday requested California state officials approve an emergency interim rate increase, averaging 22 percent ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
State Farm is asking California's insurance regulator to approve an emergency rate hike due to the number of claims it ...
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
In a letter to California’s Commissioner of Insurance, Ricardo Lara, State Farm said it has already received more than 8,700 claims and paid over $1 billion to customers in the wake of the ...
Capital is necessary so an insurance company can pay for any future claims for the risks it insures," State Farm General said in an open letter to the California Department of Insurance.