Less than a month after the Palisades and Eaton fires broke out in Southern California, State Farm Insurance said it’s received more than 8,700 claims and has already paid over $1 billion to ...

WATCH THE HEARING LIVE: In the Matter of the Rate Application of: STATE FARM GENERAL INSURANCE COMPANY Rate hearings are rare ...

During the hearing, State Farm told a judge that it has been slowly losing money for the past ten years, and with ...

New emergency interim rate increases proposed by State Farm may mean steep hikes in insurance rates for property owners.

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 ...

The company claims it is in need of serious financial help following the wildfires in Southern California earlier this year. On March 14, Lara announced he will approve State Farm’s request ...

“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 ...