State Farm seeks 22% rate hike for California homeowners to cover Los Angeles wildfire losses
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike for homeowners to prevent a “dire situation” for its customers and the broader insurance market in the wake of the disastrous Los Angeles wildfires.
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.
Native people already have the highest uninsured rate among homeowners. Changes in the industry could make it even worse.
Homeowners in Western North Carolina are expected to see a lower-than-expected base homeowners' insurance rate ...
homeowners and renters can receive up to $100,000 to repair personal property (such as furniture) or replace it. You’re expected to pay the loan back, although they have low interest rates and ...
Arizona led the U.S. for the biggest jump in home insurance rates between 2019 and mid-2024, when home insurance premium costs skyrocketed more than 62%, according to LendingTree. Many states are ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a ...
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