California homeowners face soaring insurance costs as State Farm pushes for a total 30% increase in home insurance rates. The company already secured a 17% emergency hike, and now seeks an additional 11%, even while many wildfire victims say they haven't received fair compensation.
State Farm, California’s largest insurer, has filed an emergency request with the state for a 22% rate hike on homeowner policies, citing a "dire situation" for both customers and the insurance industry.
