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State Farm seeks 22% emergency rate hike

Times of San Diego on MSN · 2d

State Farm Asks for 'Emergency Hike' in Rates Due to Southern California Wildfires

The company is seeking rate increases of up to 22% for non-tenant homeowners, 15% for renters and condominium owners, and up to 38% for rental dwellings. Non-tenant homeowners are investors who don’t live in the property they own.

Bloomberg L.P. · 3d

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.

Orange County Register · 3d

State Farm seeks 22% emergency rate hike after receiving 8,700 wildfire claims

State Farm General requested a 22% emergency rate hike in California on Monday, Feb. 3 to cover losses from the Los Angeles County wildfires and stop its “financial deterioration,” the company wrote in a letter filed with the state’s insurance commission.

19hon MSN

State Farm Was All In on California—Until It Pulled the Plug Before the Fires

Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies ...

1hon MSN

Allstate says California wildfires to bring company $1.1 billion in losses

Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – ...

Insurance exodus left many properties unprotected from the LA fires

California’s largest private insurer dropped policies in high-risk areas, leaving homes financially unprotected from last ...

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