If approved, it’s unclear how much premiums could go up in the Bay Area or which parts of the region would see the largest rate hikes, which could take effect as early as June 1 for many homeowners.

State Farm, already seeking an emergency 22% rate hike for its basic homeowners insurance, is now asking to raise the price of its umbrella liability coverage.

During a public hearing on Tuesday, State Farm said rate hikes are needed to shore up its assets and stability.

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 California Department of Insurance held a hearing Tuesday to determine whether to approve State Farm's requested rate hike, which could increase premiums by as much as 38%.

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.

State Farm seeks a 38% rate hike in California due to wildfire losses. A public hearing was held, with final approval pending from Insurance Commissioner Ricardo Lara. Consumer Watchdog opposes the ...

The California Department of Insurance held a hearing Tuesday to determine whether to approve State Farm's requested rate ...

Consumer Watchdog, which is opposed to the rate increase, said the insurance giant had argued it's too big to fail, which isn't a proper legal argument.

State Farm argues it needs additional funds to boost capital and avert an increasingly dire financial situation following the devastating Los Angeles wildfires.

State Farm asked Commissioner Lara to immediately approve emergency interim rate increases of an average 22% for homeowners.