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.
The largest insurer in the state is requesting a rate increase that would affect every one of its customers, and likely drive ...
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
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