California reconsiders State Farm rate hike as insurer’s losses rise
State Farm General requested a 22% emergency rate hike in California to cover losses from the Los Angeles County wildfires and stop its “financial deterioration.” Lara declined the request, and asked that Krause and other company officials to meet with him to answer questions about why higher rates were needed.
The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance ...
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California official makes $1 billion request in wake of wildfires — here's why the funds are needed"The FAIR Plan paid out $914 million." California official makes $1 billion request in wake of wildfires — here's why the ...
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