A new lawsuit alleges that California's major insurers worked together to push higher premiums and lower coverage caps onto ...

“Rate changes are driven by increased costs and risk and are necessary for State Farm General Insurance Company to deliver on the promises it makes every day to our customers,” spokesman Sevag ...

The first day of a hearing has finished. A judge is set to decide whether or not to recommend the Insurance Commissioner ...

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

And there are not enough lifeboats.” Those comments came during opening arguments in the first day of a highly unusual public hearing about a request by State Farm’s Califo ...

Michael Soller, the Deputy Commissioner of Communications for the Department of Insurance, says by law, Commissioner Ricardo ...

During State Farm's last meeting with the commissioner, the company says it can cover claims from the LA fires, but deemed the fires left State Farm's financial condition in a "dire" state.

The insurance company State Farm and the California Department of Insurance argue that the rate increase will shore-up the ...

The insurance giant and California’s Department of ... as insurers would go out of business. The proposed increase for State Farm is intended to provide it a “soft landing.” “It doesn’t get them ...

As a result, many insurers have limited new business or cut back on their policies in the state. State Farm decided to stop writing new homeowners insurance policies in California in May 2023.

“Rate changes are driven by increased costs and risk and are necessary for State Farm General Insurance Company to ... Sevag Sarkissian told the Business Journal in a written response.