Citing what it calls a potentially "dire situation," State Farm on Monday asked California for permission to hike insurance rates by an average of 22%. "Insurance will cost more for customers in ...

If the increase is approved by the California Department of Insurance, the rate change will be effective upon renewal on or after May 1.

While the President has limited power over state-regulated insurance, strategic actions can influence California insurers ...

Trump is the current problem House Speaker Robert Rivas and the rest of Democrats care about, but it’s not the one that ...

Allstate Corp. said it expects about $1.1 billion of losses from the wildfires that ravaged swaths of Los Angeles last month.

FAIR, with its high premiums and basic coverage, was designed as a temporary safety net until policyholders find a more ...

State Farm seeks an emergency insurance rate increase after LA wildfires. It’s the latest blow to California’s housing market ...

Following the destructive wildfires in California, State Farm, the state's largest private insurer, is seeking approval from ...

The estimate — equivalent to more than three times LA County’s annual budget — would rank the wildfire toll second only to ...

In a press release issued on February 3, 2025, State Farm General requested immediate approval from the California Department of Insurance for interim rate increases, including an average 22% hike for ...