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Months after wildfires devastated Los Angeles, insurance giant State Farm submitted a request to hike rates for all of its ...
The hearing into whether State Farm General can implement a major rate hike to restore its financial stability is finished — ...
During a public hearing on Tuesday, State Farm said rate hikes are needed to shore up its assets and stability.
Wednesday was the second day of a critical hearing that will decide whether State Farm, California’s largest home insurer, can raise rates by double digits.
After a three-day hearing this week, State Farm is one step closer to approval for a rate hike on its California customers. This story was originally published by CalMatters. Sign up for their ...
Consumer Watchdog, which is opposed to the rate increase, said the insurance giant had argued it's too big to fail, which isn ...
The expert witness currently has a consulting contract with the Department of Insurance where she not only has access to confidential information, but is specifically assessing rates for State Farm.
In February, the insurer requested that insurance regulators approve 22% rate hikes on homeowners. It has since lowered its request to a 17% increase. Attorneys for State Farm said at the hearing ...
The demonstration comes a week after State Farm presented its case for a 17% emergency rate hike — down from an initial 22% request to state officials in February — in an administrative ...
She said the department “worked hard” to secure concessions from State Farm, including the reduction of the homeowner rate increase. The insurer also will get $400 million in a surplus note ...
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