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State Farm proposes home insurance price hike
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 insurance customers worry about affects of requested rate hikes
For the second time in the past six months, State Farm insurance executives, on Monday, requested an emergency rate hike, this time of up to 22%. This comes on the heals of $1B in payouts due to the LA area fires.
State Farm, CA’s largest property insurer, demanding 22% rate hike after fires and huge losses
State Farm says that as a result of Prop. 103, it has lost $5 billion over the last 9 years and had no option but to stop underwriting new policies in 2023.
4h
on MSN
State Farm Seeks Emergency California Rate Hike After Fires
State Farm, the largest home insurer in California, is asking for an emergency rate hike from state regulators as it warns ...
19h
on MSN
State Farm asks for emergency 22% increase for California premiums, but critics cry foul
Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an ...
1h
State Farm seeks emergency 22% rate increase following the devastating wildfires in Los Angeles
After wildfires ravaged through the Los Angeles area, State Farm is seeking an emergency 22% rate increase. The company said ...
21h
on MSN
State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for ...
insurancebusinessmag
3h
CDI says "serious questions" over State Farm's financial condition
State Farm’s move comes as California’s insurance sector faces an unprecedented crisis. Last year, the company opted not to ...
11h
State Farm seeks 22% rate hike for California homeowners to cover Los Angeles wildfire losses
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike ...
1d
on MSN
California State Farm homeowners frustrated by rejected water damage claims. ‘No basis’
State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...
Atlanta Journal-Constitution
3h
Netflix’s venture into livestreaming visits State Farm Arena with WWE’s ‘Raw’
Thousands filled the seats of State Farm Arena for the first episode of "Monday Night Raw" held in Atlanta under the WWE's new partnership with Netflix.
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