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The insurance company says its finances are strained because of the Eaton and Palisades fires, from which it expects to pay ...
During the hearing, State Farm told a judge that it has been slowly losing money for the past ten years, and with ...
State Farm General said it has the money to cover ... to approve the emergency “interim” hike after the fires in Southern California. Wednesday’s meeting was just the latest chapter in ...
State Farm, the state's largest insurer with roughly ... Get top local stories in Southern California delivered to you every morning. Sign up for NBC LA's News Headlines newsletter.
The state’s largest insurer will have to present evidence justifying the rate increase at a public hearing scheduled for April 8.
“During this meeting, State Farm informed the Commissioner that while it can cover claims from the Southern California wildfires, the disaster has worsened its financial condition.” In ...
California Insurance Commissioner Ricardo Lara said today he will grant State Farm’s request to raise home insurance premiums by 22% on average if the company agrees to certain conditions ...
California's top insurance regulator on Friday said he would approve an emergency request by State Farm to raise premiums 22% on home insurance for about a million customers if the insurance giant ...