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State Farm asks for insurance rate hike of 22 percent
State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market
State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month.
State Farm Seeks an Urgent Increase in California Rates After Fires
State Farm has received more than 8,700 claims from the Los Angeles fires alone and paid more than $1 billion to customers, according to the company. The insurer expects to pay out significantly more, and the fires will be the costliest in the history of State Farm, the company said.
State Farm asks for insurance rate hike of 22 percent after L.A. fires
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in the history of the company.”
1h
on MSN
California wildfires fully contained after month of efforts
After nearly a month of intensive efforts, the costliest wildfires in United States history have been fully contained.
1h
House members from LA want pollutants from Southern California wildfires tracked
Reps. Laura Friedman, D-Burbank, and Judy Chu, D-Pasadena, were joined by Reps. Brad Sherman, D-Sherman Oaks, and George ...
6h
on MSN
Pacific Coast Highway reopens nearly a month after devastating Southern California wildfires
The Pacific Coast Highway is back open in Malibu, California, nearly a month after the deadly Palisades Fire ripped through ...
22h
on MSN
Officials declare California wildfires contained as they begin the long task of recovery
Two of the largest and most deadly wildfires to ravage southern California are fully contained, state officials announced ...
9h
Firefighters battling deadly California wildfires reach critical milestone on road to recovery
After wreaking havoc for more than three weeks, two deadly wildfires are now 100% contained. Here’s a look back at the ...
10h
California Wildfires Relief Efforts Are Woven Into the Ceremony
The Grammys doubled as an awards ceremony and a fund-raising appeal. Trevor Noah, the host, opened the show by noting the ...
The American Spectator
2h
Trump Was Right About California Wildfires
Oscar Murdock, my sainted father, does not wear his heart on his sleeve. At age 92, he is beyond such sentimentality. Instead ...
2d
on MSN
Wildfire victims file more than 4,400 claims with California’s FAIR Plan, home insurer of last resort
That’s enough to kick the plan’s strained finances further into crisis mode, increasing the chances that homeowners statewide ...
1h
on MSN
As winter rains come to California, fire-ravaged communities prepare for mudslides
With winter rains entering full swing, California leaders are preparing fire-damaged communities against the threat of ...
4h
on MSN
California flood watch raises risk of mudslides days after wildfire containment
Heavy rain could produce flooding, mudslides and debris flows in northern and central California, and is expected to take aim ...
1d
on MSN
California should expedite rules that could have helped mitigate L.A. fires, lawmakers say
Lawmakers are calling on the state to expedite rules for ember-resistant defensible space zones around homes that some ...
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