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.
Over the past few years, tens of thousands of Californians have faced the same shock. Major companies like State Farm and ...
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The post Tracking Los Angeles Wildfire Insurance Payments: More Than $4 Billion in Claims Paid Out to Victims appeared first ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
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