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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.
Ten victims of the Palisades and Eaton fires sued the Fair Plan, accusing California's insurer of last resort of mishandling smoke damage claims.
State Farm argues it needs additional funds to boost capital and avert an increasingly dire financial situation following the devastating Los Angeles wildfires.
Preventing and detecting bird flu infections among farmworkers is a key defense against a potential pandemic. Immigration ...
During the hearing, State Farm told a judge that it has been slowly losing money for the past ten years, and with ...
The insurance company says its finances are strained because of the Eaton and Palisades fires, from which it expects to pay ...
New emergency interim rate increases proposed by State Farm may mean steep hikes in insurance rates for property owners.
Illinois guard Tre White (22) and Maryland's guard Selton Miguel (9) In the second half of a NCAA basketball game at the ...
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