The insurer had sought approval for an emergency rate hike in the wake of LA fires, which led to the call for a meeting on ...

State Farm pointed out that over the last nine years, the lack of alignment between price and risk means that for every $1 ...

Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.

In a letter to the insurer, Lara said under Proposition 103, State Farm has the burden of explaining why the rate hike is ...

State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in ...

State Farm wants CA's Insurance Commissioner to approve an emergency 22% increase on homeowners insurance. The commissioner says no, for now. He needs more info.

And into this complicated picture comes Farmers Mutual Hail Insurance Company of Iowa (FMH) which has just announced its ...

Tyler and Thomas E. Leavey started Farmers Insurance in a small one-room office in downtown Los Angeles. What began as an auto insurance company for farmers has now become a multi-company ...

State officials say they will "respond with urgency." Insurance company looks to raise prices for millions of policyholders — ...

It’s a subsidiary of State Farm Mutual Automobile Insurance Company and is headquartered in Bloomington, Illinois. State Farm Bank offers checking and savings accounts, certificates of deposit ...

State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike for homeowners to prevent a "dire situation" for its customers and ...

"The costs of the January 2025 wildfires will further deplete capital from State Farm General. Capital is necessary so an insurance company can pay for any future claims for the risks it insures ...