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

Final 12 months, State Farm filed for property/casualty fee will increase of 30% to 55%, citing considerations about sustaining solvency. The proposed hikes embrace a 30% improve for non-tenant householders, 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.