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Fitness Guru Jillian Michaels, California Wildfire recovery efforts and more share concerns about ‘subline’.
This California province After communities near Los Angeles in January, the insurer demand the two-digit increase in household insurance fees to deal with financial problems in January in January.
California Insurance Commissioner Ricardo Lara has made a court decision to allow the state farm to advance to the state for 17% Homeowners increase insurance rate in the state. This is less than the initial request of the insurer’s 21.8% of the premium increase.
According to the terms of the decree, the state-based subsidiary of the state, will receive a $ 400 million infusion and participation in a court hearing on a subsequent date to ensure the settlement of the state economy. The insurer is also prohibited from the end of this year to use the block update programs.
“I balance all the facts. The whole state is an urgent issue to maintain its customers and the integrity of our insurance market,” he said.
The demand for an urgent intermediate degree of the state farm was approved by the California insurance regulator. (Patrick T. Fallon / AFP, Getty Images / Via Getty Images)
“It was clear to me: We are in a state insurance crisis that affects the Californian. It is not a game. Some are not the moment of management with media to exploit,” he affects people I have influenced people.
State University of Industry (SFG), the Commissioner’s Temporary Revelation, said that the company is the “critical first step” for serving customers in California, “he must continue to build enough capital for the future.”
State Farm Execution, after California wild fires
On January 11, 2025, the appearance of damaged structures and houses caused by Palisadadas neighborhood in the neighborhood of Palisadadas. (Axelle / Bauer-Griffin / GC Images / Getty Images)
“With this Intermediate degree approvalSFG, parent company, the public economic interaction (SFM) will receive $ 400 million in a surplus record of a surplus, which is issued by SFG. SFG would have to pay more than SFG registration and percentage of SFG to prevent customers outside California for risks outside California.
Added that the group update for 2025 is not experiencing Homeowners without rentRenters and condominium single owners, as well as lease living characteristics.
On January 12, 2025, the Falisades in California, California Malibu, the view of the Pacific Beach Property, which looks at the Pacific fire, as a result of the fire. (Frederic J. Brown / AFP via Getty Images / Getty Images)
“We intended to help our customers get rid of wild fires.
S & P Global Ratings Engraped State Farm General Credit rating According to AA, “A +” is called “A +” or “significant deterioration of capital position and regulatory payment.” The rating change does not affect other state farm group branches.
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