Los Angeles State Farm - Search News

State Farm asks for 22% insurance rate hike

Hosted on MSN · 15h

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,

The Washington Post on MSN · 2d

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.”

Washington Examiner on MSN · 1d

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 premiums were kept artificially low.

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 ...

8hon MSN

Los Angeles wildfire victims' rebuilding options vary wildly among neighbors due to insurance crisis

Even next-door neighbors face starkly contrasting fortunes and unequal recovery, as nation's home insurance crisis grows.

Crain's Chicago Business2h

Allstate expects $1.1 billion in losses from Los Angeles fires

Allstate Corp. said it expects about $1.1 billion of losses from the wildfires that ravaged swaths of Los Angeles last month.

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