State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
State Farm General requested a 22% emergency rate hike in California on Monday, Feb. 3 to cover losses from the Los Angeles ...
State Farm is asking the state for a key emergency action that would greatly affect rates not only for LA, but also for the ...
State Farm is asking California's insurance regulator to approve an emergency rate hike due to the number of claims it ...
State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market ...
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State Farm Insurance, the largest insurance company in California, is asking regulators for the OK to raise property ...
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, ...
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
“We know we will ultimately pay out significantly more, as these fires will collectively be the costliest in the history of the company,” the letter said. State Farm said the emergency interim ...
State Farm’s move comes as California’s insurance sector faces an unprecedented crisis. Last year, the company opted not to ...
The Department of Conservancy and Natural Resources is sharing a piece of history with the public for the first time this ...
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