California regulators may allow state farms to apply for 22% home insurance premiums after devastating wildfires


California's top insurance regulator said Friday that if the insurance giant can justify the hike at a public hearing, he would approve the state farm's urgent request to raise 22% of home insurance premiums from about one million customers.

California’s top insurance regulator said Friday that if the insurance giant can justify the hike at a public hearing, he would approve the state farm’s urgent request to raise 22% of home insurance premiums from about one million customers.

Jeff Gritchen/Mentiannews Group/Orange County via Get Images



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