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State Farm wants CA's Insurance Commissioner to approve an emergency 22% increase on homeowners insurance. The commissioner says no, for now.
State Farm wants CA's Insurance Commissioner to approve an emergency 22% increase on homeowners insurance. The commissioner says no, for now. He needs more info.
California’s insurance commission has turned down State Farm’s request to increase its rates, at least for now.
State Farm submitted a request for an emergency interim rate, which would have increased costs by 22% for some homeowners.