State Farm Seeks Rate Hikes in California to Offset Wildfire Payouts
California's largest private insurer, State Farm, on Monday urged the state's insurance regulator to approve an emergency hike in rates to help offset the hefty payouts the company is making after devastating wildfires in Los Angeles last month.
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Precipitation was lighter than expected on Wednesday, with another storm on the way Thursday night into Friday.
State Farm, which already has rate increase requests pending, asked state officials to approve more insurance price increases ...
Residents in burn scar areas braced for rain and the potential for mud and debris flow, as the first of two systems arrived ...
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