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Starting in June, State Farm will raise premiums by 17% for homeowners. If this latest request is granted, the company could push that figure as high as 30% by the year 2026.Condo owners and ...
State Farm General says it is “still pursuing” an overall homeowners rate increase of 30%, just a week after the company was granted a double-digit emergency interim rate hike by the ...
A week after winning emergency approval to raise Californians’ home insurance premiums, State Farm is seeking to boost that rate hike even higher to 30%.. On May 13, the state’s largest ...
The state of California approved State Farm's request for an emergency 17% increase in homeowners insurance rates as the company deals with financial challenges after the Los Angeles wildfires.
California approves State Farm's 17% increase in home insurance premiums 03:10. Following a judge's ruling Monday, State Farm customers in California are one step away from paying more on their ...
Homeowners reeling from the wildfires in January say that State Farm’s increased rates are unfair and unfounded. By Rukmini Callimachi Earlier this year, Rukmini Callimachi traveled to Altadena ...
California's insurance commissioner granted State Farm approval for an emergency 17 percent rate hike on Tuesday, after already authorizing a 20 percent increase last year.. Commissioner Ricardo ...
State Farm has gotten approval to raise insurance rates for homeowners starting in June. The "emergency" rate hike was approved as customers continue to feel the devastating wildfires' lasting impact.
The new rates are temporary until the state has a chance to consider State Farm’s request from last year for a 30% rate increase for homeowners. The hearings for that request are set for October.
California’s insurance commissioner on Friday gave his approval to an emergency rate hike for State Farm customers.Commissioner Ricardo Lara on Tuesday cited a decision by a Department of ...
State Farm can raise homeowner and other rates starting next month, becoming the first insurance company to win approval to do so on an emergency interim basis in California.
State Farm asked on Feb. 3 for a nearly 22% emergency rate increase on home policies going into a hearing last month with the state’s insurance commissioner and Consumer Watchdog.