Brkdncr@lemmy.world to

News@lemmy.world · 5 months ago

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

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

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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Brkdncr@lemmy.worldOP
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5 months ago
Idk. I feel like government is bad a running one company but is good at scaling up.

I’d rather see ca offer a good baseline insurance plan. That or offer fire protection like they do for flood and earthquake.

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