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State Farm argues it needs additional funds to boost capital and avert an increasingly dire financial situation following the devastating Los Angeles wildfires.
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.
This week, State Farm will seek to convince state insurance regulators to finalize a steep emergency rate hike for homeowners across California in the wake of the devasting Los Angeles wildfires.
The insurance company says its finances are strained because of the Eaton and Palisades fires, from which it expects to pay ...
The California Department of Insurance will hold a meeting Tuesday over a request by State Farm for a $900-million rate hike.