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California Insurer’s Major Emergency Rate Hike Request Under Scrutiny
California’s largest property insurer, State Farm, started an emergency hearing on Tuesday to increase its rates for homeowners and renters, a move the company says is necessary due to the enormous losses caused by the wildfires in Los Angeles County. If the insurer’s request is approved by the California insurance commissioner, State Farm could hike […]
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Stories
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Florida Insurers Sent Billions to Affiliates While Claiming Losses: Report
As Florida homeowners recover from years of skyrocketing insurance premiums and coverage cuts, a new study report obtained by the Miami Herald and Tampa Bay Times revealed on Saturday that Florida insurers sent billions to affiliates while claiming to be losing money in the wake of hurricanes. Newsweek has reached out to Florida’s Office of […]
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