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The expert witness currently has a consulting contract with the Department of Insurance where she not only has access to ...
During a public hearing on Tuesday, State Farm said rate hikes are needed to shore up its assets and stability.
State Farm argues it needs additional funds to boost capital and avert an increasingly dire financial situation following the ...
Months after wildfires devastated Los Angeles, insurance giant State Farm submitted a request to hike rates for all of its California customers. If approved by insurance regulators, there would be ...
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 ...
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 ...
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 ...
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 ...