California insurance regulators urge State Farm to expand coverage in exchange for rate hikes
Earlier this month, State Farm — the state’s largest home insurance provider — asked the California Department of Insurance to approve statewide rate increases averaging 22% for homeowners. It also requested a 15% increase for renters and condo owners and a 33% hike for rental owners.
While continuing to be shrouded in controversy as it threatens to drop more policies if its California rate hike is rejected, ...
State Farm's financial results improved in 2024, though the Bloomington-based company still posted an underwriting loss of ...
State Farm wants to raise its rates by about 22% for California homeowners, which would affect about one million people.
NBC Los Angeles on MSN4d
State Farm estimates $7.6 billion in LA wildfire losses, continues seeking interim rate requestState Farm Insurance Group said this week that it has paid out $1.75 billion on approximately 9,500 claims filed as a result ...
US primary insurance giant State Farm has said that its direct losses from the Los Angeles, California wildfires are ...
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