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    Home - Insurance - State Farm rate hike – California regulator did not calculate impact of proposed move
    Insurance

    State Farm rate hike – California regulator did not calculate impact of proposed move

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    State Farm rate hike – California regulator did not calculate impact of proposed move
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    Last year, State Farm filed for property/casualty rate increases of 30% to 55%, citing concerns about maintaining solvency. The proposed hikes include a 30% increase for non-tenant homeowners, 55% for condominium coverage, 41.6% for tenant policies, 53.6% for personal liability umbrellas, 38% for rental property damage, and 55% for business owner policies, according to the report.



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