State Farm's Rate Hike in California

SOURCE www.breitbart.com
State Farm is requesting an additional 11% rate hike for homeowners in California, on top of the 17% emergency rate hike already approved. Despite criticisms of failing obligations to consumers and lowballing compensation estimates for fire damages, the company aims to increase rates significantly.

Key Points

  • State Farm is seeking an 11% rate hike on top of the 17% emergency increase approved in California.
  • Victims of recent fires have complained about State Farm's lowballing compensation estimates for damages.
  • Despite some compromises, State Farm remains under criticism from policyholders in California.

Cons

  • State Farm's request for a 11% rate hike on top of the 17% emergency increase may burden homeowners in California.
  • The company's history of lowballing compensation estimates for damages has been criticized by victims of recent fires.