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In the letter State Farm sent to the state, the company said, "Over the last nine years, the lack of alignment between price and risk means that for every $1.00 collected in premium, State Farm ...
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 ...
Citing what it calls a potentially “dire situation,” State Farm on Monday asked California for permission to hike insurance rates by an average of 22%. In the wake of the Los Angeles-area ...
In February 2025, State Farm, the largest home insurer in California, requested state regulators to approve an emergency rate increase due to the financial strain caused by payouts related to the January 2025 Southern California wildfires. The company is seeking an average rate hike of 22%, effective May 1, 2025.
In California, State Farm last year said it was discontinuing coverage for 72,000 houses and apartments in the state. Since 2019, more than 100,000 Californians have lost their insurance, ...
‘These animals are essentially family:’ Horses, sheep and ducks not forgotten in California wildfires amid rescue efforts Nic F. Anderson, CNN January 23, 2025 at 10:00 AM
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 ...
A State Farm Insurance sign on a destroyed building during the Eaton Fire in Altadena, California, US, on Wednesday, Jan. 8, 2025. (Michael Nigro—Bloomberg)