State Farm to regulators: CA entity ‘could be insolvent’ without reinsurance changes
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

State Farm to regulators: CA entity ‘could be insolvent’ without reinsurance changes

The company is seeking an emergency rate increase after the devastating Los Angeles wildfires.

  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
State Farm Marina Heights complex Tempe Town Lake Arizona.png

State Farm's California surplus could have been depleted if it hadn’t increased its reinsurance program in recent years, executives said during a meeting with California regulators as the mutual seeks an emergency interim rate hike.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth

Topics

Gift this article