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State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market

By Samantha Delouya, CNN (CNN) — State Farm General, California’s largest insurance provider, has requested an emergency interim rate hike averaging 22% for homeowners from state officials on Monday, citing a “dire” financial situation after destructive Los Angeles wildfires last month. In a letter to California’s Commissioner of Insurance, Ricardo Lara, State Farm said it

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