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California regulator mulls State Farm's request for 22% premium hike for homeowners after LA fires (www.independent.co.uk)

submitted 6 days ago by TacoButtPlug to c/[email protected]

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cross-posted from: https://lemmy.zip/post/34084346

California's top insurance regulator says he will approve an emergency request from State Farm to raise home insurance rates for roughly a million customers if the company can justify the hike at a public hearing

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[–] [email protected] 3 points 6 days ago* (last edited 6 days ago)

Lol, eff you. You gambled, you lost, now you want the state to back you on changing the deal.

I despise insurance agencies - they're the reason stuff costs so much to replace/rebuild.