State Farm Seeks an Urgent Increase in California Rates After Fires
State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers, according to the company. The insurer expects to pay out significantly more, and the fires will be the costliest in the history of State Farm, the company said.
State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike ...
State Farm has treated some water claims as if they were the result of ongoing issues, even when homeowners report them as ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
In the fourth quarter, catastrophe losses took $315 million out of Allstate’s homeowners-insurance business, up from $21 ...
Unless governments take on the financial burden of serious mitigation efforts, the price of California’s fire risk will ...
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