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State Farm asks for more insurance rate increases
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 asks for more insurance rate increases after Los Angeles fires
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases.
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.
14h
on MSN
Los Angeles fires highlight risk of 'uninsurable future,' experts say
Jewlz and Terry Fahn make up one of thousands of Los Angeles households seeking to recover their losses after the devastation ...
13h
on MSN
State Farm proposes home insurance price hike after $1 billion spent on LA fire claims
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
LAist on MSN
7h
Before they lost their homes in the LA fires, many lost their insurance
Big insurance companies have pulled back from California, forcing thousands to turn to insurers of last resort. Fire victims ...
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
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 ...
1d
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 ...
8d
on MSN
For many who lost homes in Los Angeles fires, insurance won't cover entire cost of rebuilding
The total cost of rebuilding homes in the L.A.-area fires will outpace what underinsured owners' insurance policies can ...
8d
on MSN
What Los Angeles fire victims can expect from their insurance adjuster
A public insurance adjuster may help negotiate a better insurance payout for residents who lost their homes in the Los ...
insurancebusinessmag
1d
Claims related to Los Angeles wildfires hit more than $4.2 billion -- report
The insurance industry has paid over $4.2 billion in claims related to the Los Angeles wildfires as of January 30, according ...
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