Perla was born and raised in Orange County, went to UC Berkeley for her Bachelors, and worked in Bakersfield for her first job as a multimedia journalist.
State Farm is requesting a 30% increase for homeowners, 36% for condominium owners, and 52% for renters. But these rate hikes still need to be approved by California’s Department of Insurance.
Soller said the process could take six months. “We have real questions about State Farm’s strategy, what their long term plan is, so they can get back to serving California consumers,” Soller said.Last December, it raised rates by 20% for California home and condo owners. In March, the insurer announced it would not renew policies for around 30,000 homes in the state, including 2,000 in San Diego County.
The Department of Insurance will review State Farm’s financial records to verify whether the company needs to raise rates to survive.
CALIFORNIA DEPARTMENT OF INSURANCE CALIFORNIA INSURANCE CRISIS FIRE INSURANCE HOME INSURANCE HOMEOWNER INSURANCE INCREASING INSURANCE RATES INFLATION INSURANCE RATES RENTER INSURANCE
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