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State Farm has come under heavy criticism for seeking a 22 percent rate hike, with a 38 percent increase for renters, in the wake of the devastating California wildfires.
State Farm General Insurance Company announced in March that it plans to non-renew about 30,000 property insurance and 42,000 commercial apartment policies in California. Recent filings with the Ca… ...
State Farm is stopping new home insurance sales in California, citing wildfire risks and skyrocketing construction costs, the company announced Friday.. The insurance giant stopped accepting ...
State Farm was the largest property insurer in California in 2021 and brought in more than $7 billion in premiums that year, but incurred losses of about $4 billion, state data shows.
A State Farm executive has been fired after he was secretly recorded alleging the insurance company hiked rates for California homeowners reeling from the LA wildfires.
State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the state ...
Starting in June, State Farm will raise premiums by 17% for homeowners. If this latest request is granted, the company could push that figure as high as 30% by the year 2026.Condo owners and ...
That’s because they’re waiting for their insurer, State Farm, to approve and process their claims. “We were lucky our house made it through,” Valverde said. “At first we thought ...
SAN DIEGO (FOX 5/KUSI) — State Farm’s newly approved emergency rate hike for homeowners insurance is triggering concerns about affordability and increased strain on the housing market.
Citing the L.A. wildfires, insurance provider State Farm has canceled its plan to have an ad on next month's Super Bowl and also delayed production of a tie-in campaign with Apple TV+ series ...
The state of California approved State Farm's request for an emergency 17% increase in homeowners insurance rates as the company deals with financial challenges after the Los Angeles wildfires.
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