Consumer Watchdog Reports: State Farm Demand for Immediate $740 Million Bailout Inappropriate in Wake of Wildfire Tragedy

LOS ANGELES, Feb. 3, 2025 /PRNewswire/ — State Farm this morning asked Insurance Commissioner Ricardo Lara to authorize an immediate 22% increase in State Farm’s home insurance rates, amounting to $740 million a year, but has not provided the financial data it claims would justify the…

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