State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month.
State Farm seeks emergency rate hike after Los Angeles wildfire losses
State Farm is seeking an emergency rate increase after the Los Angeles wildfires in January. The insurance company asked the California Department of Insurance (CDI) on Monday to immediately approve interim rate increases,
State Farm Seeks Emergency 22% Rate Hike After $1 Billion in Wildfire Payouts
State Farm is pushing for an emergency 22% rate increase in California, citing massive financial losses from the Los Angeles wildfires in January. On Monday, the insurance company asked the […] The post State Farm Seeks Emergency 22% Rate Hike After $1 Billion in Wildfire Payouts appeared first on Baller Alert.
State Farm warns of ‘dire’ financial situation in California, asks for ‘emergency’ rate hike
State Farm General, already facing financial peril before the Los Angeles wildfires, has asked state insurance regulators to approve an immediate price hike to prevent “a dire situation” for both its policyholders and the entire California market.
Major California real estate firm leans into private listings. Critics say buyers and sellers will be hurt
Compass is pushing sellers to list their homes privately. Critics say it’s just an effort to gain market share in a slumping ...
What Fires Will Do to California's Housing Market
The Los Angeles fires are likely to exacerbate California's inventory and affordability crisis, bringing up demand at a time ...
California’s housing market is stuck. Here’s why
High mortgage rates continue to be a drag on home sales and home prices in California, according to the California ...
A better way to solve California’s housing crisis
Newsom’s action begs the question, if CEQA creates roadblocks that should be suspended in times of crisis, why not suspend ...
5 most overvalued housing markets in 2025 — including one where mortgage costs exceed average income
In a survey of the country’s most overvalued housing markets, US News & World Report found a number of major cities where ...
California's Housing Market Isn't Moving—and the L.A. Wildfires Are Adding to a Growing Problem
California real estate has seen unprecedented losses because of the Los Angeles wildfires —but even before the fires, the ...
Zillow predicts the hottest housing markets in US. Only one California metro makes the top 20
The most competitive markets this year share characteristics such as relative affordability and “supply that trails demand,” ...
Why this California family can’t buy a home despite earning $270K
With home prices high, American families are grappling with the prospect that homeownership might remain out of reach for ...
How extreme weather, high home prices could affect the 2025 housing market
Extreme weather – from wildfires in California to the freezing cold temperatures and snow in Northeast, Midwest and South – ...
Could Southern California wildfires impact AZ housing market?
Some experts predict Californians will migrate to Arizona, and that could impact the already competitive housing market in ...
Housing Market Can't Meet Needs of 2025 Buyers
An ambitious number of Americans are planning to buy a home this year despite high mortgage rates and still-rising prices.