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State Farm proposes home insurance price hike
State Farm proposes home insurance price hike after $1 billion spent on LA fire claims
State Farm wants to raise home insurance rates for Californians by an average of 22% after the company paid out roughly $1 billion in claims due to the Los Angeles fires. As the largest home insurance company in the United States,
State Farm asks for insurance rate hike of 22 percent after L.A. fires
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in the history of the company.”
State Farm seeks 22% home insurance rate hike after California wildfires
State Farm, California’s largest home insurance provider, is seeking to raise home insurance rates by an average of 22% following the devastating wildfires that swept across the state. The company, which has operated in California for nearly a century,
The Cool Down on MSN
5h
Devastated couple claims State Farm canceled home coverage before wildfire hit: '25 years in premiums on this house'
It’s just an injury on top of an injury." Devastated couple claims State Farm canceled home coverage before wildfire hit: '25 ...
1d
on MSN
State Farm asks California to approve rate hikes after wildfires
State Farm is asking California's insurance regulator to approve an emergency rate hike due to the number of claims it ...
22h
on MSN
State Farm Asks for ‘Emergency Hike’ in Rates Due to Southern California Wildfires
"SFG needs your urgent assistance in the form of emergency interim approval of additional rate to help avert a dire situation ...
2d
State Farm seeks emergency rate increase averaging 22% after L.A. fires
State Farm General asked Monday for an emergency rate increase averaging 22%, saying the Los Angeles County fires have put ...
2d
on MSN
State Farm Slammed For Seeking Up to 38% Policy Hike Following Wildfires
State Farm came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California wildfires.
wglt
1d
State Farm asks for big rate increase after California wildfires
State Farm has asked the state of California to approve an emergency 22% homeowner policy rate increase following wildfires ...
2d
on MSN
State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for ...
2d
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, ...
insurancebusinessmag
1d
CDI says "serious questions" over State Farm's financial condition
State Farm’s move comes as California’s insurance sector faces an unprecedented crisis. Last year, the company opted not to ...
1d
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 ...
LAist on MSN
1d
State Farm, California’s largest fire insurance provider, is pushing for rate increases
Why it matters: State Farm has the most California customers out of any other insurer, according to the company. It expects ...
7h
Allstate Expects California Wildfires to Cost $1.1 Billion
In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners-insurance business, up from $21 ...
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