California says State Farm can raise homeowner premiums 17% because of Los Angeles wildfires

fortune.com/2025/05/14/california-state-farm-raise-homeowner-premiums-17-los-angeles-wildfires

California's top insurance regulator said Tuesday that State Farm can soon start raising premiums by 17% for all of its home insurance customers in the state to help the insurer rebuild its capital following the Los Angeles wildfires.
State Farm has argued the emergency rate hikes are…

This story appeared on fortune.com, 2025-05-14 09:25:45.
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