State Farm came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California ...
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies ...
State Farm General requested a 22% emergency rate hike in California on Monday, Feb. 3 to cover losses from the Los Angeles ...
State Farm, the largest home insurer in California, is asking for an emergency rate hike from state regulators as it warns ...
"SFG needs your urgent assistance in the form of emergency interim approval of additional rate to help avert a dire situation ...
State Farm is asking California's insurance regulator to approve an emergency rate hike due to the number of claims it ...
State Farm on Monday requested California state officials approve an emergency interim rate increase, averaging 22 percent ...
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in ...
“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, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
Citing growing wildfire risks due to climate change and rising rebuilding costs, among other factors, State Farm has stopped ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...