State Farm Seeks 38% Rate Hike for California Renters Insurance | Insurify
Hundreds of
In early August,
In its filing,
"In an effort to address concerns regarding
Impact on
The proposed rate increase would affect more than 260,000
Tenants in areas at high risk of wildfires or post-earthquake fires will see their
These policies insure properties in areas that "represent the most substantial wildfire hazard, fire following earthquake, or are in areas of significant concentration," the filing stated.
Large losses from natural disasters like earthquakes, wildfires, and severe storms, as well as consumer-focused insurance laws, have made it difficult for insurance companies to be profitable in
What's next: Regulator review
As recently as
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