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.
As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies ...
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...
Illinois stormed back to beat Ohio State at State Farm Center in Champaign on Sunday, Feb. 2, 2025. Illinois guard Kylan ...
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