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News@lemmy.world · 1 year ago

State Farm Seeks Enormous Rate Increases in California to Prevent Insolvency | KQED

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State Farm Seeks Enormous Rate Increases in California to Prevent Insolvency | KQED

Brkdncr@lemmy.world to

News@lemmy.world · 1 year ago

The company’s financial stability is in doubt after it requested to raise homeowners insurance rates by 30% and renters insurance by 52%.

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1 year ago
Have they invested in the fossil fuel industry by any chance? Perhaps they could use those profits to cover their losses.

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