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State Farm asks for 22% insurance rate hike

Hosted on MSN · 2d

State Farm Asks for '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.

CBS Los Angeles on MSN · 2d

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,

Newsweek on MSN · 3d

State Farm Slammed For Seeking Up to 38% Policy Hike Following Wildfires

State Farm came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California wildfires.

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 ...

10hon MSN

State Farm Was All In on California—Until It Pulled the Plug Before the Fires

The insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of ...

21hon 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 ...

1d

California's insurance crisis leaves neighbors facing unequal recovery after wildfires

Unless governments take on the financial burden of serious mitigation efforts, the price of California’s fire risk will ...

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