State Farm Sues California for Emergency Rate Hike Amid Financial Strain
State Farm, the country’s largest insurer, has sent a letter to the California Department of Insurance warning of its ‘dire’ financial situation due to the Los Angeles County wildfires. The company is requesting an emergency 22% rate hike for homeowners, with additional increases of 15% and 38% proposed for condo owners and rental dwellings, respectively. … Read more