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State Farm asks for 22% insurance rate hike
State Farm asks California to approve rate hikes after wildfires
State Farm is asking California's insurance regulator to approve an emergency rate hike due to the number of claims it received after last month's devastating wildfires.
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.
State Farm seeks rate hikes in California to offset wildfire payouts
California's largest private insurer, State Farm, on Monday urged the state's insurance regulator to approve an emergency hike in rates to help offset the hefty payouts the company is making after devastating wildfires in Los Angeles last month.
1d
on MSN
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 ...
10h
on 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 ...
15h
on MSN
Texas Wildfires Are 'Ticking Time Bomb' For State's Homeowners
Wildfire risk is expected to continue growing in Texas, threatening the stability of the state's homeowners insurance market, ...
HousingWire
14h
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 ...
10h
Chicks Raised to Lay Eggs Are Lost in Fire at a Large Farm in Ohio
The chicken-raising facility in western Ohio was licensed to house about 280,000 young hens. The destruction came amid egg ...
12h
on MSN
Allstate says California wildfires to bring company $1.1 billion in losses
Allstate said the wildfires blazed through Southern California last month will bring the insurance company a sizable loss – ...
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