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California, State Farm
State Farm asks for approval to increase California home insurance rates by an average of 22%
Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California officials for an emergency interim rate increase. The rate hike could work out to an average increase of 22% for California homeowners,
State Farm asks for emergency 22% increase for California premiums, but critics cry foul
Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an average of 22%.
State Farm Seeks an Urgent Increase in California Rates After Fires
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, and the fires will be the costliest in the history of State Farm, the company said.
3d
on MSN
California State Farm homeowners frustrated by rejected water damage claims. ‘No basis’
State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...
2d
on MSN
State Farm proposes home insurance price hike after $1 billion spent on LA fire claims
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
Hosted on MSN
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State Farm's Super Bowl Pullout Part of Shrinking Industry Spend
State Farm's decision to pull its 2025 Super Bowl ad was prompted by the wildfires that continue to impact the Los Angeles area. With the company's absence from the Big Game, no insurance firm is ...
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California's Insurance Crisis Leaves Neighbors Facing Unequal Recovery After Wildfires
Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a ...
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