The recent rate increase will help the company recover from a rise in accidents in recent years, a company spokesperson told The Epoch Times.
‘Ninety companies are on the sidelines right now and have been for well over a year,’ said an insurance agent representative at a legislative hearing.
State Farm will raise rates in California by an average of 20 percent per homeowner for renewals, after a recent approval by the state.
The recent rate increase will help the company recover from a rise in accidents in recent years, a company spokesperson told The Epoch Times.
‘Ninety companies are on the sidelines right now and have been for well over a year,’ said an insurance agent representative at a legislative hearing.
State Farm will raise rates in California by an average of 20 percent per homeowner for renewals, after a recent approval by the state.