State Farm charge hike – California regulator didn’t calculate influence of proposed transfer

Final yr, State Farm filed for property/casualty charge will increase of 30% to 55%, citing issues about sustaining solvency. The proposed hikes embody a 30% enhance for non-tenant owners, 55% for condominium protection, 41.6% for tenant insurance policies, 53.6% for private legal responsibility umbrellas, 38% for rental property injury, and 55% for enterprise proprietor insurance policies, in line with the report.