State Farm Request for Increasing Ambulance, which can increase Californians by 38%

A few months after the fires were devastated by Los -Angeles, Insurance giant of the state farm filed a raise raise request for all its customers in California.

If this is approved by insurance regulators, for 22% owners will increase by 15% for tenants and apartments, as well as 38% for rental housing, according to A, reports A Report from the Fox 11 partner Los -Angeles.

At the hearing on Tuesday the state farm went before California Insurance Department To explain the data why you need to increase the $ 921 million prize, Fox 11 reports.

Executive State Farm fired comments on premium margins after the California Forest Fire

State Trade case for farms. The company said it would no longer accept new applications for a certain coverage in California, citing high expenses. (John Greim / LightRockket via Getty Images / Getty Images)

“The intermediate rate is fundamentally fair, adequate and reasonable as an answer to one of the largest fire disasters in the history of California and in the benefit of justice, because it will help prevent reducing ratings that would adversely affect hundreds of thousands California housing owners “,” said Katrin Velington Prosecutor.

Burned State Farms Insurance Service in Altaden, California, January 9, 2025. (Jamie Vera / Fox News / Fox News)

The State Farm asks California to approve raising the rates after the fire

The state farm raised rates in March 2024 and applied for another growth in June 2024.

Consumer watchman, a non -profit organization that stands for Taxpayers and consumer interests, said on the state -owned hearing farm did not give the minimum number of data required to justify the increase, the message said.

The appearance of a fire beach with a fire over the Pacific, which burned out as a result of the Polisada fire on January 12, 2025 in Malibu, California. (Frederick J. Brown / AFP via Getty Images / Getty Images)

“They wanted to count on the dispersion, they did not provide enough information, as required by the variance, which, among other things, requires a plan to restore solvency and the return plan for the insurers,” – said the consumer watchman at the hearing.

The state farm stated that if a new decision is canceled in the insurance department, it will return to its customers.

Following the judge’s ruling, Ricardo Lara commissioner will decide to increase.

Americans’s insurance rates are increasing and lawsuits play an important role

Vice -President of the State Farm for Innovation and Venture Capital Haden Kirkpatrick was fired in March after a video about it was expressed about increasing the prize in response to recent fires that appeared on the Internet.

“Our people look at it and say,” s —, we may have $ 5 billion that we are short when something happens. “We go to the insurance department and say,” We must allow us to catch up with our (tariffs). ”

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The state farm said Fox Business at the time: “Any characteristic of the general state farm’s connection in connection with our request on the rate as” manipulation “of the rate or public is false. This man has never participated in and is responsible for business solutions Related to the general farm general or its California operations, including what is associated with our statements for waiting for the rate or an emergency request. ”

The state farm did not immediately respond to the request of Fox Business about the comment.

Eric Revel Fox Business contributed to this report.