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State Farm Seeks 22% Emergency Interim Rate Hike in California

State Farm Seeks 22% Emergency Interim Rate Hike in California

by Phil Hall | Feb 4, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

With the wildfires that ravaged Los Angeles County are now completely contained, State Farm General is seeking an emergency interim rate hike averaging 22% for California homeowners based on what it called a “dire” financial situation. CNN reported the insurance...
California Attorney General Charges Second Real Estate Agent with Price Gouging Wildfires Victims

California Attorney General Charges Second Real Estate Agent with Price Gouging Wildfires Victims

by Phil Hall | Jan 28, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

For the second time within a week, California Attorney General Rob Bonta has filed charges against a real estate agent involving alleged price gouge of a family evacuated from to the Los Angeles Eaton Fire. According to a statement from Bonta’s office, the defendant...
State Farm Seeks 22% Emergency Interim Rate Hike in California

California Attorney General Charges Real Estate Agent with Price Gouging Wildfire Victims

by Phil Hall | Jan 24, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California Attorney General Rob Bonta announced the first filing of charges against a real estate agent over alleged price gouging related to Los Angeles County’s Eaton Fire. According to a statement from Bonta’s office, a couple filed a complaint was filed with the...
New Wildfire Breaks Out in Los Angeles County

New Wildfire Breaks Out in Los Angeles County

by Phil Hall | Jan 23, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A new wildfire broke out in Los Angeles County last night, creating the region’s third active blaze. The Los Angeles Times reports the fire began shortly after 11:00 p.m. PST on Wednesday on the eastern side of the 405 Freeway in the Sepulveda Pass. Within two hours,...
State Farm Seeks 22% Emergency Interim Rate Hike in California

State Farm, in a Reversal, to Renew Los Angeles County Homeowner Policies

by Phil Hall | Jan 20, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

In the wake of the ongoing wildfires crisis, State Farm has temporarily halted its homeowner non-renewal policies in Los Angeles County. USA Today reports this reversal of corporate strategy will only apply to residents whose policies had not lapsed by Jan. 7, when...
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