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State Farm pleads for emergency rate hikes on California homeowners

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Summary
Nutrition label

73% Informative

State Farm General has about 20% of California 's homeowners market with nearly 3 million policies.

The state's largest property insurer needs approval to raise its rates on customers.

The company argues it needs the additional funds to boost capital and avert an increasingly dire financial situation following the devastating L.A. wildfires.

The insurer has so far paid out over $2.75 billion on approximately 12,390 claims filed.

VR Score

79

Informative language

81

Neutral language

69

Article tone

semi-formal

Language

English

Language complexity

61

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links