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California regulator might enable State Farm to hike dwelling insurance coverage premiums by 22% after devastating wildfires

Pulse Reporter
Pulse Reporter
California regulator might enable State Farm to hike dwelling insurance coverage premiums by 22% after devastating wildfires


California's top insurance regulator on Friday said he would approve an emergency request by State Farm to raise premiums 22% on home insurance for about a million customers if the insurance giant could justify the hike at a public hearing.

California’s prime insurance coverage regulator on Friday stated he would approve an emergency request by State Farm to lift premiums 22% on dwelling insurance coverage for about 1,000,000 clients if the insurance coverage big may justify the hike at a public listening to.

Jeff Gritchen/MediaNews Group/Orange County Register by way of Getty Photographs

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