State Farm “provisionally” approved for 22% insurance rate hike

by TRD Staff

State Farm General got its wish to hike home insurance rates by an average of 22 percent. The news comes weeks after being straight-armed by California’s chief insurance regulator for a request to increase rates because of the Los Angeles wildfires. California Insurance Commissioner Ricardo Lara “provisionally” granted the unit of Illinois-based State Farm Mutual […]This article originally appeared on The Real Deal. Click here to read the full story.

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