property insurance and state farm in the news

When a democratic candidate debate for Governor in California was held, the topic on the cost of insurance came up. Increasing rates can be called “skyrocketing” in some areas of the United States. I recently spoke to one homeowner who’s home was surrounded by wildfire but did not burn. They did have one outbuilding burn to the ground. Their property insurance rate doubled after the fire.

Then, also from California, there is this news, California takes legal action against State Farm after investigation finds widespread mishandling of LA wildfire claims  This is not the first time that State Farm has been in the news for their poor support of policy holders who have suffered disaster losses. It is likely that other states will take note of California’s actions and take action to review what is happening in their stat