State Farm pursues additional 11% rate increase in California after emergency rate hike approval

Condo owners and renters may see larger jump as insurance firm pursues overall 30% rate increase for policies in state

Condo owners and renters could see a larger jump in insurance costs as State Farm General pursues an overall 30% rate increase for homeowners policies in California.

This comes just a week after the company was granted a 17% emergency interim hike, down from the nearly 22% increase it originally requested, following a ruling approved by insurance commissioner, Ricardo Lara.