As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...
"The high concentrations of risk covered by (State Farm) in the fire footprint will generate a direct loss many times larger ...
State Farm came under fire for seeking a 22 percent rate hike, with a 38 percent increase for renters, after the California wildfires.
Soller said that under existing law if policyholders were notified about a nonrenewal but the policy was still in effect and they experienced a “total loss,” State Farm is required to offer ...
State Farm said in a statement to USA TODAY on Thursday. Los Angeles County customers can renew with State Farm for another policy term if they'd like, while policyholders in fire zones with total ...
In a statement, the California Insurance Commission said State Farm General’s request raises “serious questions about its financial condition” and that the agency will “urgently” respond ...