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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 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,
CA’s largest property insurer demanding 22% rate hike after wildfires
State Farm, California’s largest property insurer, is demanding a 22% emergency rate hike after the Southern California fires, saying that over the last years it has
7h
on MSN
Consumer Watchdog says State Farm shouldn’t ask Californians to pay more
As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...
10h
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 – ...
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 ...
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