The insurance company State Farm and the California Department of Insurance argue that the rate increase will shore-up the company's financials, saving millions of Californians' policies.

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 ...

A hearing was held in Oakland earlier today to determine whether or not State Farm General can implement an “emergency rate ...

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

At an Oakland hearing Tuesday, attorneys for State Farm Insurance made their case for an emergency rate hike that could ...

A public hearing was held Tuesday as State Farm requested an emergency rate hike. Their proposal could increase premiums by ...

Add to that the $500 million the state’s insurer of last resort, the FAIR Plan, will get to pass along to every policyholder in California to help cover its losses in the Los Angeles fires, and ...

The decision from this meeting will impact policyholders everywhere but particularly those who live in fire country — like ...

Should California’s largest insurance company be allowed to raise prices for consumers to preserve its financial viability?

The insurance company has filed for an increase on personal umbrella liability coverage, affecting hundreds of thousands of ...

Remains of a house severely damaged by the Eaton Fire in Altadena on Jan. 20, 2025. Photo by Jules Hotz for From economy ...

State Farm has said the rate increase is needed following the Los Angeles wildfires that destroyed more than 16,000 structures, many of them homes.