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State Farm asks for approval to increase California home insurance rates by an average of 22%

CBS News
Summary
Nutrition label

75% Informative

State Farm General has asked California officials for an emergency interim rate increase.

The rate hike could work out to an average increase of 22% for California homeowners.

California 's Department of Insurance stated that State Farm's rate filings are raising "serious questions" about the company's financial situation.

Insurance expert Karl Susman : "The risk is clearly going up".

VR Score

74

Informative language

73

Neutral language

9

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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