State Farm Gets ‘Provisional’ Approval For 22% Rate Hike In California | ZeroHedge
While Gavin Newsom gallavants around the pod-o-sphere trying to reinvent himself as a moderate Democrat, residents of his woefully mismanaged state have 'enjoyed' watching their home insurance rates skyrocket, or have it dropped altogether – as companies are abandoning the state left and right over financial struggles stemming from wildfires and other peril.
To that end, California Insurance Commissioner Ricardo Lara announced on Friday that he has (more…)