STATE FARM ASKS FOR MORE INSURANCE RATE INCREASES AFTER LA FIRES
By Levi Sumagaysay, CalMatters
CalMatters is a public interest journalism venture committed to explaining how California’s state Capitol works and why it matters
Photo: The Eaton Fire burns in the community of Altadena. Firefighters were unable to get water from hydrants that ran dry, as homes and businesses burned, on Jan. 8, 2025. Photo by Ted Soqui for CalMatters
February 4, 2025 (Los Angeles) - State Farm, the largest insurer for California homeowners, this week asked the state to approve “emergency” rate increases for insurance policy holders, saying the recent Los Angeles County fires have imperiled its finances.