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He requested that State Farm halt non-renewals of homeowners’ insurance in California and pursue a $500 million capital infusion from its parent company in order to restore financial stability. A ...
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Amazon S3 on MSNState Farm Seeks Emergency Rate Hike On California Homeowners To Avert Collapse After Historic LA WildfiresState Farm is seeking approval for an emergency rate hike on California homeowners, according to CNBC. The insurance company ...
California homeowners could soon see a sharp rise in insurance premiums as State Farm, the state's largest property insurer, seeks final approval for an emergency rate increase to address its wildfire ...
Attorneys for State Farm said if the rate increases are approved, the company has also agreed to seek $400 million in funds from its parent company.
The insurance company has filed for an increase on personal umbrella liability coverage, affecting hundreds of thousands of ...
The hearing into whether State Farm General can implement a major rate hike to restore its financial stability is finished — ...
After a three day hearing this week, State Farm is one step closer to approval for a rate hike on its California customers.
State Farm argues it needs additional funds to boost capital and avert an increasingly dire financial situation following the devastating Los Angeles wildfires.
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