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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.
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.
On the second day of a hearing in Oakland, State Farm's request for a 22 percent increase in home insurance premiums ...
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.