California regulator mulls State Farm’s request for 22% premium hike for homeowners after LA fires
California's top insurance regulator says he will approve an emergency request from State Farm to raise home insurance rates for roughly a million customers if the company can justify the hike at a public hearing.
State Farm, the largest home insurer in California, continues to seek approval of a 22% emergency rate hike even as it faces ...
We can no longer ... the risk.” State Farm, which is made up of several mutual companies in the U.S., insures more than 1 million policyholders for homeowners’ insurance in California.
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