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State Farm, California’s largest insurance provider, is asking for a 22 percent interim rate hike for California homeowners just week after the deadly Los Angeles wildfires (Getty Images)
Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an average of 22%. ... area wildfires that occurred in January, the ...
State Farm General asked Monday for an emergency rate increase averaging 22%, saying the Los Angeles County fires have put California's largest insurer in dire financial straits.
A State Farm insurance company sign sits amid the rubble of a building destroyed by the Palisades Fire on Sunset Boulevard in the Pacific Palisades neighborhood of Los Angeles on January 16, 2025.
State Farm, California’s largest insurer, said last year that it could drop more than 1 million policies in the state over the next five years — a signal that private insurers’ retreat from ...
As the Palisades and Eaton fires wreak havoc on Los Angeles, the state insurance commissioner is taking action to protect home insurance policy owners California bars insurers from dropping fire ...
From January 7 to 31, 2025, a series of 14 destructive wildfires affected the Los Angeles metropolitan area and San Diego County in California, United States. [5] The fires were exacerbated by drought conditions, low humidity, a buildup of vegetation from the previous winter, and hurricane-force Santa Ana winds, which in some places reached 100 miles per hour (160 km/h; 45 m/s).
State Farm insures 250,000 homes and 880,000 automobiles in Los Angeles County, according to its website. ... costlier state-run insurance program. The LA fires last month killed 28 people and ...