News@lemmy.world · 5 months ago

State Farm Seeks Enormous Rate Increases in California to Prevent Insolvency | KQED

www.kqed.org

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State Farm Seeks Enormous Rate Increases in California to Prevent Insolvency | KQED

www.kqed.org

Brkdncr@lemmy.world to

News@lemmy.world · 5 months ago

The company’s financial stability is in doubt after it requested to raise homeowners insurance rates by 30% and renters insurance by 52%.

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5 months ago
Sounds like they paid out for recent claims and don’t want to play anymore.

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