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State Farm asks for 22% insurance rate hike

Times of San Diego on MSN · 11h

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.

CNN on MSN · 1d

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.

Bloomberg L.P. · 1d

State Farm Seeks Urgent Rate Hike for Wildfire Payouts

NYC’s new transit leader builds a worker-driven strategy, and the latest on Elon’s ‘buyout’ offer to federal workers.

23hon 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 ...

3h

L.A. County wildfire losses seen as high as $164 billion, UCLA Says

The estimate — equivalent to more than three times LA County’s annual budget — would rank the wildfire toll second only to ...

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