State Farm Slammed For Seeking Up to 38% Policy Hike Following Wildfires
State Farm came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California wildfires.
wglt1d
State Farm's financial results improve, as underwriting losses decline
State Farm's financial results improved in 2024, though the Bloomington-based company still posted an underwriting loss of ...
Times of San Diego25d
State Farm Asks for ‘Emergency Hike’ in Rates Due to Southern California Wildfires
(Photo by Ethan Swope/Associated Press) California’s largest private insurer, State Farm, on Monday urged the state’s insurance regulator to approve an emergency hike in rates to help ...
California Wildfires Hit State Farm Hard. But the Insurer Was Already Struggling.
California’s insurance commissioner denied State Farm’s request for a 22% rate hike to cover fire losses. But when the fires ...
ABC726d
State Farm asks for 'emergency' 22% homeowners' insurance rate hike in wake of LA wildfires
The company says it has received more than 8,700 claims and has already paid $1 billion to Southern California customers. "State Farm is having trouble remaining profitable in California and ...
The North Bay Business Journal2d
California to consider State Farm emergency rate increase request
Insurance Commissioner Ricardo Lara had asked for the meeting in which he and Consumer Watchdog will sit down with State Farm ...
California insurance commissioner meets with State Farm about emergency rate hike
California’s insurance commissioner met with representatives for State Farm Wednesday in Oakland to talk about why the company has requested an emergency rate hike following the Los Angeles County ...
CBS News25d
State Farm asks for approval to increase California home insurance rates by an average of 22%
"[State Farm is] telling the Department of Insurance, 'hey, it's time. We need to start bringing rates more in line with what the actual risks are here in Southern California in order for us ...