State Farm Was All In on California—Until It Pulled the Plug Before the Fires
The insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of ...
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 ...
State Farm requests 22 percent emergency rate hike after LA fires
State Farm on Monday requested California state officials approve an emergency interim rate increase, averaging 22 percent ...
State Farm Slammed For Seeking Up to 38% Policy Hike Following Wildfires
State Farm came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California wildfires.
State Farm asks for more insurance rate increases after LA fires
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
State Farm asks for 22% home insurance rate hike in California following LA wildfires
State Farm asked California on Monday if it could hike home insurance rates in the state by an average of 22% to address what ...
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 ...
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 ...
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 ...
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 ...
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State Farm blows through CA reinsurance cover with ~$8bn LA wildfire loss
Sources told this publication that the mutual is facing a loss totalling around $7.91bn from the fires, and it is understood ...
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State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market
citing a “dire” financial situation after destructive Los Angeles wildfires last month. In a letter to California’s Commissioner of Insurance, Ricardo Lara, State Farm said it has already ...