State\u2019s largest home insurer, which has paid customers over $1bn, claims fires put firm under increased financial strain<\/p>\n
State Farm General, California\u2019s largest home insurer, is seeking an emergency rate increase for homeowners following the Los Angeles wildfires last month. If approved, the hike would average a 22% increase for policyholders.<\/p>\n
The insurance giant claims that the fires have put the company under increased financial strain. The company has already received at least 8,700 claims and paid more than $1bn to customers and expects to pay out \u201csignificantly more\u201d, according to a press release<\/a>.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" State\u2019s largest home insurer, which has paid customers over $1bn, claims fires put firm under increased financial strain State Farm General, California\u2019s largest home insurer, is seeking an emergency rate increase for homeowners following the Los Angeles wildfires last month. If approved, the hike would average a 22% increase for policyholders. The insurance giant claims … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32316","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/32316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=32316"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/32316\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=32316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=32316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=32316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}