Calif. regulators seal deal with State Farm to keep 17% homeowners rate hike after L.A. wildfires
A brokered agreement between State Farm General and California regulators preserves a 17% average homeowners rate increase that took effect after the Los Angeles wildfires, freezes mass non-renewals in 2026, and delays a fuller rate review until 2027. The deal, which also imposes refunds to condo owners and rental property holders while allowing small increases for renters, sidesteps a broader scrutiny of the insurer’s claims handling amid thousands of fire-related losses and widespread complaints from policyholders.