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State Farm seeks emergency insurance rate hike
State Farm Seeks Emergency California Rate Hike After LA Fires
State Farm, the largest home insurer in California, is asking for an emergency rate hike from state regulators as it warns that multibillion-dollar payouts from the Los Angeles wildfires threaten its balance sheet and the broader insurance market.
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 seeks emergency rate increase averaging 22% after L.A. fires
State Farm General, California's largest home insurer, asked state officials for an emergency rate hike averaging 22% Monday, claiming the Los Angeles County fires have put the company in dire financial straits.
7d
on MSN
They Saved 54 Horses From the L.A. Fires — But Lost Their Farm
How the team at Jigsaw Farms came together to save 54 horses during the Pacific Palisades fire in L.A., then lost their ...
23h
on MSN
Farm workers went unmasked during L.A. fires. That’s not supposed to happen.
And many were not provided masks, according to workers and union organizers, even with state laws meant to require them. The ...
Tahoe Daily Tribune.com
3d
LA fires fuel concerns over rising cost, availability of Tahoe homeowners’ insurance
The loss of billions of dollars worth of property in Los Angeles in recent weeks has sparked new concerns about the ...
4d
on MSN
The LA Fires Burned Thousands of Homes. The Data Show Insurers Saw the Risks Coming.
What made the wildfires devastating was their path through the Palisades, where home values hover around $3.4 million and ...
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