The company is seeking rate increases of up to 22% for non-tenant homeowners, 15% for renters and condominium owners, and up to 38% for rental dwellings. Non-tenant homeowners are investors who don’t live in the property they own.

One of California’s top property insurers is asking for a double-digit rate hike in the wake of the Southern California wildfires. Less than a month after the Palisades and Eaton fires broke out in Southern California,

The largest insurer in California claims it is in a “dire” financial situation after paying out $1 billion to customers impacted by the fires.