President Trump has called for State Farm and other insurance companies to "get their act together" after they did not adequately assist Californians during last year's wildfires.
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.
California regulators have granted an emergency request from State Farm to increase homeowners’ insurance premiums by 22%, but the approval comes with conditions.
