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State Farm Seeks Emergency California Rate Hike

The Wall Street Journal on MSN · 1d

State Farm Was All In on California—Until It Pulled the Plug Before the Fires

The insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies last year, adding to the state’s home-insurance crisis.

Bloomberg on MSN · 3d

State Farm Seeks Emergency California Rate Hike After Fires

State Farm, the largest home insurer in California, is asking for an emergency rate hike from state regulators as it warns that multibillion-dollar payouts from the Los Angeles wildfires threaten its balance sheet and the broader insurance market.

Newsweek on MSN · 4d

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.

4don 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 ...

News Nation on MSN3d

State Farm requests 22 percent emergency rate hike after LA fires

State Farm on Monday requested California state officials approve an emergency interim rate increase, averaging 22 percent ...

12hon MSN

Consumer Watchdog says State Farm shouldn’t ask Californians to pay more

As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...

Insurance exodus left many properties unprotected from the LA fires

California’s largest private insurer dropped policies in high-risk areas, leaving homes financially unprotected from last ...

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