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At an Oakland hearing Tuesday, attorneys for State Farm Insurance made their case for an emergency rate hike that could impact insurance rates for millions of Californians. State Farm -- the state ...
Appel testified that he believes the 17% emergency increase State Farm is requesting will result in financial stability for the insurer. The California Department of Insurance supports State Farm ...
The insurance company says its finances are strained because of the Eaton and Palisades fires, from which it expects to pay more than $7 billion in claims.
No Justification, No Emergency State Farm says it needs the hike because of financial pressure. But according to Consumer Watchdog's actuary, Benjamin Armstrong, the company's current rates are we ...
State Farm could soon win final approval to raise premiums for California homeowners and others on an interim basis, a move meant to help prop up the finances of the state's biggest provider of ...
He said he asked Krause if State Farm could maintain a visible, physical presence in the area as customers continue to need help with claims and disaster recovery centers close. “He’s going to ...
In early February, State Farm asked California Insurance Commissioner Ricardo Lara to approve emergency interim rate increases, saying the Los Angeles Country fires had worsened its financial ...