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The Guardian - US
The Guardian - US
World
Coral Murphy Marcos

State Farm pursues additional 11% rate increase in California after emergency rate hike approval

destroyed building with red sign
A State Farm insurance office in ruins after the Eaton fire, in Altadena, California, on 17 January. Photograph: Chris Pizzello/AP

Condo owners and renters could see a larger jump in insurance costs as State Farm General pursues an overall 30% rate increase for homeowner policies in California.

This comes just a week after the company was granted a 17% emergency interim hike, down from the nearly 22% increase it originally requested, following a ruling approved by the insurance commissioner, Ricardo Lara.

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