State Farm seeks 22% rate hike for California homeowners to cover Los Angeles wildfire losses
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike for homeowners to prevent a “dire situation” for its customers and the broader insurance market in the wake of the disastrous Los Angeles wildfires.
State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...
The state’s regulator wants insurance carriers to pay full policy limits without requiring victims to itemize every object in ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners-insurance business, up from $21 ...
Unless governments take on the financial burden of serious mitigation efforts, the price of California’s fire risk will ...
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