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.
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 ...
Farmers Insurance Group, California’s second-largest home insurance company, is seeking a rate hike amid plans to lift a cap on the number of new homeowner polices it writes each month in the state.
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