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According to the Josh Altman Fox business, the residents of the expelled Palpers predict the closest cities, Orange County, Arizona and Las Vegas.
A few months after savage fires, Los Angeles destroyed, Insurance Giant State Farm Presented a request for growth rates for all California customers.
If insurance regulators are approved, the increase in 15% for homeowners, renters and air conditioners would increase by 38% of rental houses, a Report from the branch Fox 11 Los Angeles.
State Farm went to a court hearing on Tuesday California Insurance Department 921 million dollars increase in the need to explain the information should be necessary.
State Farm Insurance Retail Office. The company has already referring to high costs in California, said that California will not accept new applications for a particular coverage. (John Greim / LightBocket Getty Images / through Getty Images)
“Interior rate is well-based, adequate and reasonable in response to one of the largest wild disasters in California history and responding to justice interest California hosts “ He said in the state farm lawyer Kathrine Wellington.
Altadena, on January 9, 2025, the burnt state farm insurance office. (Jamie Vera / Fox News / Fox News)
The State Farm asks California to confirm the ratio growth after Wildfire
The state farm raised the ratios in March 2024 and applied for another increase in June 2024.
Consumer Watchdog, non-profit organization defending Taxpayer and consumer interests, Hearing said in the state farm According to the report, it did not provide the minimum amount of the minimum information required by law to increase the increase.
On January 12, 2025, in Malibu, California, on January 12, 2025, a scene of the firefighter on the burning Pacific as a result of Falisades fire. (Frederic J. Brown / AFP via Getty Images / Getty Images)
“They wanted to rely on the contracts, a plan to make a plan to repay the necessary order and return to political owners, they did not provide enough information to return the issue to the political owners,” he said.
In the event of the subsequent insurance department of the state economy, the state of emergency will return its customers.
After the judge’s authorities, the Insurance Commissioner Ricardo will decide on ambulance.
Americans are away from insurance rates and the lawsuits play an important role
State Farm Innovation and Venture Capital Vice President Haden Kirkpatrick fired in March in March, in March, in response to the last wildfires, March was fired in March.
“Our people are looking at it and say: If we have a short of $ 5 billion,” We will go to the insurance department. “We will say, we will say,” We are going to cancel us. “
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In this case, the state farm, the fox said: “Any characteristic of the public communication of the state farm in the demand of the price process or the public” manipulation “is false. This person was never attended or had no responsibility Work decisions Something related to the public farm or its California operations, including waiting proportional applications or an emergency intermediate degree request. “
The State Farm Fox Business’ did not respond immediately for comment.
Fox work ‘Eric Revell contributed to this report.
