State Farm asks for 'emergency' 22% homeowners' insurance rate hike in wake of LA wildfires
You could face a 22% rate hike if State Farm covers your home. The company sent a letter to the California Dept. of Insurance Monday warning of its "dire" financial situation in the wake of the Los Angeles County wildfires - requesting an "emergency" rate hike.
Firefighters had barely achieved full containment of the blazes that leveled whole neighborhoods in Los Angeles before State ...
The insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of ...
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 ...
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