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Attorneys for State Farm said if the rate increases are approved, the company has also agreed to seek $400 million in funds from its parent company.
After a three-day hearing this week, State Farm is one step closer to approval for a rate hike on its California customers.
The insurance company has filed for an increase on personal umbrella liability coverage, affecting hundreds of thousands of ...
The hearing into whether State Farm General can implement a major rate hike to restore its financial stability is finished — ...
State Farm argues it needs additional funds to boost capital and avert an increasingly dire financial situation following the ...
The expert witness currently has a consulting contract with the Department of Insurance where she not only has access to confidential information, but is specifically assessing rates for State Farm.
In a hearing on Tuesday, State Farm went before the California Department of Insurance to explain with data why the $921 ...
During a public hearing on Tuesday, State Farm said rate hikes are needed to shore up its assets and stability.
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.
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 ...
Michael Soller, the Deputy Commissioner of Communications for the Department of Insurance, says by law, Commissioner Ricardo ...
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%. During the hearing, ...