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State Farm asks California to approve rate hikes

CBS Los Angeles on MSN · 6h

State Farm asks for approval to increase California home insurance rates by an average of 22%

Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California officials for an emergency interim rate increase. The rate hike could work out to an average increase of 22% for California homeowners,

Fox Business on MSN · 7h

State Farm asks California to approve rate hikes after wildfires

State Farm is asking California's insurance regulator to approve an emergency rate hike due to the number of claims it received after last month's devastating wildfires.

Hosted on MSN · 4h

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

"SFG needs your urgent assistance in the form of emergency interim approval of additional rate to help avert a dire situation for our customers and the insurance market in the state of California," State Farm said in a filing to the regulator.

1hon MSN

State Farm proposes home insurance price hike after $1 billion spent on LA fire claims

State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...

1don MSN

California State Farm homeowners frustrated by rejected water damage claims. ‘No basis’

State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...

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