State Farm seeks rate hikes in California to offset wildfire payouts
California's largest private insurer, State Farm, on Monday urged the state's insurance regulator to approve an emergency hike in rates to help offset the hefty payouts the company is making after devastating wildfires in Los Angeles last month.
Insurer aggressively grew in Los Angeles, despite getting overweight on fire risk, but decided to cut thousands of policies ...
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...
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