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State Farm asks for 22% insurance rate hike
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.
State Farm asks for interim rate hike in wake of SoCal wildfires
One of California’s top property insurers is asking for a double-digit rate hike in the wake of the Southern California wildfires. Less than a month after the Palisades and Eaton fires broke out in Southern California,
State Farm seeks 22% rate hike in California after LA fires
The largest insurer in California claims it is in a “dire” financial situation after paying out $1 billion to customers impacted by the fires.
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on 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 – $1.1 billion.
justthenews
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State Farm, CA’s largest property insurer, demanding 22% rate hike after fires and huge losses
State Farm says that as a result of Prop. 103, it has lost $5 billion over the last 9 years and had no option but to stop ...
1d
on MSN
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 ...
1d
on MSN
Allstate expects $1.1 billion loss from California fires
Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern California in January ...
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