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 an Urgent Increase in California Rates After Fires
State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers, according to the company. The insurer expects to pay out significantly more, and the fires will be the costliest in the history of State Farm, the company said.
Allstate Corp. said it expects about $1.1 billion of losses from the wildfires that ravaged swaths of Los Angeles last month.
The official event page for State Farm All-Star Saturday Night which will feature 3 events during NBA All-Star 2025 on Feb. 15, 2025.
meets all state minimum car insurance requirements and helps cover property damage and medical payments for other parties when you cause an at-fault accident. Take a look at how State Farm’s ...
State Farm, California's largest home insurer, said Thursday it will offer renewals to all of its 250,000 L.A. County ...
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