State Farm asks for 22% home insurance rate hike in California following LA wildfires
State Farm asked California on Monday if it could hike home insurance rates in the state by an average of 22% to address what it was claimed was a potentially “dire situation” related to payouts from the devastating Los Angeles-area wildfires The insurer claimed that it has paid out more than $1 billion to California...
State Farm asked California on Monday if it could hike home insurance rates in the state by an average of 22% to address what it was claimed was a potentially “dire situation” related to payouts from the devastating Los Angeles-area wildfires The insurer claimed that it has paid out more than $1 billion to California...
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