WATCH THE HEARING LIVE: In the Matter of the Rate Application of: STATE FARM GENERAL INSURANCE COMPANY Rate hearings are rare ...

During the hearing, State Farm told a judge that it has been slowly losing money for the past ten years, and with ...

Those comments came during opening arguments in the first day of a highly unusual public hearing about a request by State Farm’s California operation for an emergency rate increase. State Farm ...

State Farm -- the state's largest insurer -- is asking California's Department of Insurance for a 17% emergency rate hike. But first, they will have to convince a judge. The company has already ...

STATE FARM MADE ITS CASE TODAY TO RAISE HOMEOWNERS INSURANCE RATES, 22% FOR ABOUT A MILLION CALIFORNIA CUSTOMERS. THE STATE’S INSURANCE COMMISSIONER, RICARDO LARA, HEARD THE ARGUMENT.

New emergency interim rate increases proposed by State Farm may mean steep hikes in insurance rates for property owners.

“During this meeting, State Farm informed the Commissioner that while it can cover claims from the Southern California wildfires, the disaster has worsened its financial condition.” In ...

The financial pressures underscore the rising risk stalking California property owners as climate change threatens to deepen the turmoil in the insurance market.