State Farm granted emergency rate hike in California amid insurance crisis following L.A. wildfires

bizjournals.com/losangeles/news/2025/05/14/insurance-commissioner-grants-state-farm-hike.html?ana=brss_3891

California has granted insurance company State Farm General an emergency rate increase for homeowners, effective June 1, that also requires the company to get an immediate $400 million cash infusion from its parent company to stabilize its financial condition following the costly January…

This story appeared on bizjournals.com, 2025-05-14 17:25:53.
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