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California homeowners face potential hikes as State Farm defends wildfire rate increase
This request comes just six months after a pending 30% rate hike application, potentially impacting millions of California homeowners. SAN DIEGO — State Farm, California’s largest home insurance provider, has requested a 22% emergency rate increase from state regulators, citing financial strain following the recent Los Angeles wildfires. This request comes just six months after a pending 30% rate hike application, potentially impacting millions of California homeowners. The insurance giant, which covers approximately one in…
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