State Farm Threatens to Abandon California If They Can’t Raise Prices: 52% For Renters, 30% For Homeowners

State Farm Threatens to Abandon California If They Can’t Raise Prices: 52% For Renters, 30% For Homeowners

California’s largest insurer, State Farm, recently notified California’s Department of Insurance to allow them to hike home insurance rates for millions of residents, or they will drop coverage of many insured. The request comes amid the state’s ongoing insurance crisis as coverage costs increase. Several insurers, such as Allstate, Farmers Direct, and State Farm, have … Read more