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State Farm seeks an emergency insurance rate increase
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 homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month.
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 rates on homeowners.
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, State Farm General revealed Monday.
6h
on MSN
Insurance broker WTW beats Q4 profit estimates on robust product demand
Insurance broker Willis Towers Watson beat Wall Street estimates for fourth-quarter profit on Tuesday, driven by a strong ...
4h
on MSN
Health Insurance Premiums Could Skyrocket in Pennsylvania
The state's health insurance marketplace said those earning between $21,870 to $29,160 could see their costs rise by 117 ...
18h
on MSN
Who gets to rebuild? Los Angeles fires expose the weakness of U.S. home insurance.
While there has been a growing crisis in insurance for years, the scale and scope of the Los Angeles wildfires brings the ...
19m
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.
7h
on MSN
Insurance Bad Faith After Natural Disasters: What to Know
Understanding the basics of insurance claims after catastrophic losses is important, especially if you encounter insurance ...
ConsumerAffairs
1d
Car insurance rates rising as much as 10% in states in 2025, research says
Car insurance rates are rising again in 2025 and some states are worse off.The yearly cost for full-coverage auto insurance ...
1d
Tracking Los Angeles Wildfire Insurance Payments: More Than $4 Billion in Claims Paid Out to Victims
California's insurance authority has launched an online tracking tool that shows how much money has been paid out in claims ...
1d
on MSN
CT long-term care insurance prices are skyrocketing. Here’s what to know.
Prices are soaring due to miscalculations by insurers on how long people would live, the price of care and how many would ...
21h
on MSN
Tesla Needs You To Use Full Self-Driving So Badly It's Offering Insurance Discounts
Tesla Insurance—the company's wholly owned insurance provider—now offers a discount for certain customers who use Tesla's ...
3d
Protection and prevention: Safer roads and more control of auto insurance premiums
Usage-based insurance is designed to leverage an individual’s driving behaviors to directly impact their auto insurance ...
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