State Farm seeks rate hikes in California to offset wildfire payouts
California's largest private insurer, State Farm, on Monday urged the state's insurance regulator to approve an emergency hike in rates to help offset the hefty payouts the company is making after devastating wildfires in Los Angeles last month.
Citing what it calls a potentially “dire situation,” State Farm asked California for permission to hike insurance rates by an ...
As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...
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