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State Farm asks for insurance rate hike of 22 percent
State Farm proposes home insurance price hike after $1 billion spent on LA fire claims
State Farm wants to raise home insurance rates for Californians by an average of 22% after the company paid out roughly $1 billion in claims due to the Los Angeles fires. As the largest home insurance company in the United States,
State Farm asks for insurance rate hike of 22 percent after L.A. fires
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in the history of the company.”
State Farm asks for approval to increase California home insurance rates by an average of 22%
Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California officials for an emergency interim rate increase. The rate hike could work out to an average increase of 22% for California homeowners,
CNET on MSN
20h
Does Your Home Insurance Cover Wildfire Destruction?
Landscaping around the property is equally important. CalFire recommends removing vegetation within five feet of windows and ...
21h
on MSN
California Homeowners Hit With Sudden 22 Percent Insurance Rate Increase
As the Golden State faces increasing levels of environmental disasters and wildfires, many insurance companies have raised ...
1h
on MSN
State agencies promote flood insurance to protect your property
40% of federal flood claims come from areas outside of flood zones, and standard home insurance may not cover it.
ConsumerAffairs
4d
What to do if you can’t afford homeowners’ insurance or don’t get renewed?
Homeowners’ insurance has become increasingly difficult to afford and harder to get in California and some other states ...
WCPO Cincinnati
3d
Home insurance premiums on the rise: How you can lower your rate
Home insurance costs are rising across the nation, and residents in the Tri-State area are feeling the financial strain.
5d
6 ways for seniors and retirees to save on homeowners insurance
The average cost of a homeowners policy has risen more than 30% since 2020. Yet you can still find ways to save on insurance, ...
4h
Some San Diegans could see their homeowners insurance go up as much as 22%
Your homeowner’s insurance could soon go up in price. State Farm General Insurance submitted a request to state regulators Monday, asking for a 22% average rate increase. They say the Los Angeles ...
12d
Asheville homeowners' insurance rate to increase 9%; 'Difficult to speculate' on Helene's impact
The North Carolina Department of Insurance has announced that Buncombe and Henderson counties will see substantially lower ...
5d
on MSN
Will Southern California's wildfires drive up Arizona homeowners insurance rates?
Arizona led the U.S. for the biggest jump in home insurance rates between 2019 and mid-2024, when home insurance costs ...
3d
Florida Homeowners Receive Welcome Insurance News
This year could bring positive changes to the state's property insurance market, which has faced limited availability and skyrocketing premiums.
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