State Farm seeks emergency rate hike from California regulators
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State Farm seeks emergency rate hike from California regulators

The company says the recent wildfires will be the costliest in its history.

By Clark Mindock
February 04, 2025
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State Farm has asked the California Department of Insurance (CDI) for an emergency rate hike following the devastating Los Angeles wildfires, warning the disaster threatens to deplete the company’s capital and trigger ratings downgrades.

The

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Topics

News California Regulation Personal lines Homeowners' insurance State Farm
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