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State Farm asks for 22% insurance rate hike
State Farm asks for approval to increase California home insurance rates by an average of 22%
Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California officials for an emergency interim rate increase. The rate hike could work out to an average increase of 22% for California homeowners,
Will Southern California's wildfires drive up Arizona homeowners insurance rates?
Arizona led the U.S. for the biggest jump in home insurance rates between 2019 and mid-2024, when home insurance costs skyrocketed more than 62%.
State Farm asks for insurance rate hike of 22 percent after L.A. fires
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in the history of the company.”
23h
on MSN
State Farm proposes home insurance price hike after $1 billion spent on LA fire claims
State Farm argued the rate hikes are justified due to the high risks the company has underwritten, particularly after ...
Indianz
4h
Native America Calling: Rising home insurance rates put more Native Americans at risk
Native people already have the highest uninsured rate among homeowners. Changes in the industry could make it even worse.
13d
Asheville homeowners' insurance rate to increase 9%; 'Difficult to speculate' on Helene's impact
The North Carolina Department of Insurance has announced that Buncombe and Henderson counties will see substantially lower ...
News Nation on MSN
1d
State Farm requests 22 percent emergency rate hike after LA fires
State Farm on Monday requested California state officials approve an emergency interim rate increase, averaging 22 percent ...
WUNC
11d
Q&A: Why average statewide rate for NC homeowners insurance to increase by 7.5% on June 1
The North Carolina Department of Insurance announced the new rates last Friday. The insurance industry says inflation and ...
13h
California's Insurance Crisis Leaves Neighbors Facing Unequal Recovery After Wildfires
Next-door neighbors lost their near-identical homes in a California wildfire, but how they are navigating rebuilding is a ...
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