48 State Farm’s California Neighbors Might Wish They aren’t There. 22% Increase Approved! (justthenews.com) posted 2 days ago by Irishman4Trump6 2 days ago by Irishman4Trump6 +48 / -0 CA approves 22% rate hike for state’s top property insurer, State Farm, to stabilize market State Farm justified its rate hike by claiming it is paying out $1.26 in claims for every dollar it collects in premiums, resulting in the loss of $5 billion in the last nine years. 15 comments share 15 comments share save hide report block hide replies
While I have no love for Snake Farm (Dumped them over 30 years ago,) one has to ask what the government of California has done to mitigate risk, and in turn reduce claims?
CEA will be your savior ;-)