State Farm seeks rate hikes in California to offset wildfire payouts
California's largest private insurer, State Farm, on Monday urged the state's insurance regulator to approve an emergency hike in rates to help offset the hefty payouts the company is making after devastating wildfires in Los Angeles last month.
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
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The head of Consumer Watchdog argued the company is "detouring the rules that protect state consumers from insurance price ...
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