As State Farm’s financial condition improves, policyholders will get a one-time, 2.5% premium discount when they renew.
A proposed settlement means some State Farm policyholders won’t see additional increases, and others could get refunds.
The first day of a hearing has finished. A judge is set to decide whether or not to recommend the Insurance Commissioner allow the rate hike.
State Farm will not raise rates any higher for California homeowners, but renters will see a small bump. Owners of ...
Insurers may seek rate increases to offset losses from 2025 L.A. wildfires, according to Insuring the American Homeowner ...
A proposed settlement would keep some State Farm property insurance rates from rising again in California, and would give refunds to some customers ...