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State Farm asks for 22% insurance rate hike

Hosted on MSN · 2d

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 for our customers and the insurance market in the state of California," State Farm said in a filing to the regulator.

justthenews · 3d

State Farm, CA’s largest property insurer, demanding 22% rate hike after fires and huge losses

State Farm says that as a result of Prop. 103, it has lost $5 billion over the last 9 years and had no option but to stop underwriting new policies in 2023.

NBC Bay Area on MSN · 2d

State Farm seeks emergency insurance rate hike following LA County wildfires

The state’s largest home insurance company, State Farm wants to raise its rates. The company said it’s in a dire financial situation because of the recent wildfires in Southern California. The wind-driven wildfires in Los Angeles area that started off the year and it destroyed more than 10,000 homes.

10h

State Farm asks for more insurance rate increases after LA fires

State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...

10hon MSN

Allstate expects $1.1 billion loss from California fires

Allstate insurance said it expects a $1.1 billion loss from claims caused by the wildfires that swept through Southern California in January ...

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