SAN FRANCISCO -- If your home is covered by State Farm, you could face a 22% rate hike. The company sent a letter to the California Dept. of Insurance warning of its 'dire' financial situation in the ...
State Farm General requested a 22% emergency rate hike in California on Monday, Feb. 3 to cover losses from the Los Angeles County wildfires and stop its “financial deterioration,” the company wrote ...
California Insurance Commissioner Ricardo Lara announced Friday he has "provisionally" approved State Farm's premium hike of 22% as the company reports dealing with financial struggles stemming from ...
State Farm General, California’s largest home insurer, has asked state regulators to approve an immediate 22% rate increase for homeowners, pointing to mounting losses and recent wildfire claims that ...
State Farm is urging the California Department of Insurance to approve a temporary 22% rate increase. The insurer said the reason for the rate increase is the January Los Angeles County wildfires.
California's top insurance regulator on Friday said he would approve an emergency request by State Farm to raise premiums 22% on home insurance for about a million customers if the insurance giant ...
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 ...