Beginning September 1, State Farm will offer a total 6.3% discount to insureds whose homes meet all of the state's Safer from Wildfires regulations. Currently, the insurer offers a 7% discount to these policyholders. (Photo: Diego M. Radzinschi/ALM)
California Insurance Commissioner Ricardo Lara has approved a request from State Farm to reduce the discounts that it offers homeowners for implementing wildfire mitigation measures. Beginning September 1, 2024, the insurer will offer a total 6.3% discount to insureds whose homes meet all of the state's Safer from Wildfires regulations. Currently, State Farm offers a 7% discount to these policyholders.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
