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Over the last 9 years, the lack of alignment between price and risk means that for every $1.00 collected in premium, State Farm General has spent $1.26, resulting in over $5 billion in cumulative ...
The insurance regulator will investigate these rate-increase applications, a spokesperson told Reuters in an email. State Farm insures 250,000 homes and 880,000 automobiles in Los Angeles County ...
State Farm Insurance, the largest insurance company in California, is asking regulators for the OK to raise property insurance rates by 22 percent just weeks after fires ripped through Los Angeles ...
Discover the latest breaking news in the U.S. and around the ... 9:00 PM EST. KJZZ. DET 33-27. UTA ... No. 16 Maryland beats Penn State 68-64 to inch closer to double ...
California Insurance Crisis: List Of Carriers That Have Fled Or Reduced Coverage In The State. The insurer is looking to increase rates by 22% for non-tenant homeowners, 15% for renters and condo ...
State Farm is seeking increases of as much as 52% for some of its residential insurance rates in California, which could ramp up the financial burden for many homeowners and renters in the state ...
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In 2023, Farmers announced a moratorium on new policies in the Sunshine State, the 15th insurer to do so over an 18-month period, and State Farm, California’s biggest homeowners insurer, did the ...