State Farm seeks double-digit rate hike in California in wake of LA fires

The insurer asked the California Department of Insurance to raise rates by an average of 22 percent "to help avert a dire situation" as the company pays thousands of claims related to the fires.

The insurer asked the California Department of Insurance to raise rates by an average of 22 percent “to help avert a dire situation” as the company pays thousands of claims related to the fires. The insurer asked the California Department of Insurance to raise rates by an average of 22 percent “to help avert a dire situation” as the company pays thousands of claims related to the fires. 

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