State Farm Requests Another Rate Increase Of 11% – California Globe

Real Estate in the Know: State Farm secures emergency rate hike

In a move that will shake up California’s insurance landscape, State Farm has become the first company in state history to secure an “Emergency Interim” rate hike for homeowner and property insurance. The decision allows the insurance giant to begin…

State Farm Requests Another Rate Increase Of 11% – California Globe

State Farm Insurance announced this week that they will be pursuing an additional 11% insurance rate increase, only a week following an emergency 17% rate increase for the company being approved by the California Department of Insurance (CDI). According to the new filing from State Farm, while the 17% increase helps in the interim, a further rate increase is needed because of the heightened risk in California and that the current rates don’t cov…

State Farm rates increase after Los Angeles fires

An agreement between State Farm and the state’s insurance commission was approved that will allow for a substantial insurance rate increase. In exchange, the insurance provider agreed to stop implementing programs to issue nonrenewal policies over large tracts of properties through the end of the year. State Farm is the largest provider