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California regulator may allow State Farm to hike home insurance premiums by 22% after devastating wildfires

March 14, 2025
in Business
Reading Time: 11 mins read
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California regulator may allow State Farm to hike home insurance premiums by 22% after devastating wildfires
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California's top insurance regulator on Friday said he would approve an emergency request by State Farm to raise premiums 22% on home insurance for about a million customers if the insurance giant could justify the hike at a public hearing.

California’s top insurance regulator on Friday said he would approve an emergency request by State Farm to raise premiums 22% on home insurance for about a million customers if the insurance giant could justify the hike at a public hearing.

Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images

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