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  2. State Farm asks for approval to increase California home ...

    www.aol.com/state-farm-asks-approval-increase...

    The rate hike could work out to an average increase of 22% for California homeowners, State Farm General revealed Monday. "The costs of the January 2025 wildfires will further deplete capital from ...

  3. State Farm again is seeking huge increases in home insurance ...

    www.aol.com/state-farm-again-seeking-huge...

    The insurer, California’s largest, is requesting a 30% rate increase for its homeowners line, a 52% rate increase for renters and a 36% rate increase for condominium owners. State Farm was ...

  4. State Farm seeks rate hikes in California to offset wildfire ...

    www.aol.com/news/state-farm-seeks-rate-hikes...

    The insurance regulator will investigate these rate-increase applications, a spokesperson told Reuters in an email. State Farm insures 250,000 homes and 880,000 automobiles in Los Angeles County ...

  5. State Farm - Wikipedia

    en.wikipedia.org/wiki/State_Farm

    In February 2025, State Farm, the largest home insurer in California, requested state regulators to approve an emergency rate increase due to the financial strain caused by payouts related to the January 2025 Southern California wildfires. The company is seeking an average rate hike of 22%, effective May 1, 2025.

  6. Mortgage Credit Certificate - Wikipedia

    en.wikipedia.org/wiki/Mortgage_Credit_Certificate

    The amount of mortgage credit allowed varies depending on the state or local government that issues the certificates, but is capped at a maximum of $2000 per year if your State's rate is over 20%, by the IRS. As an example, if a homebuyer were to receive an MCC that offers a 30% credit on a $200,000 loan for 30 years with a rate of 6%, the ...

  7. State Farm asks for emergency 22% increase for California ...

    www.aol.com/state-farm-asks-emergency-22...

    Citing what it calls a potentially “dire situation,” State Farm on Monday asked California for permission to hike insurance rates by an average of 22%. In the wake of the Los Angeles-area ...