As State Farm’s financial condition improves, policyholders will get a one-time, 2.5% premium discount when they renew.
State Farm reaches settlement over emergency insurance rate hikes after last year’s Los Angeles County fires.
A proposed settlement means some State Farm policyholders won’t see additional increases, and others could get refunds.
In April, the company argued the emergency rate hike would help State Farm rebuild its capital after the wildfires.
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.
Californians are furious — and fed up — as auto insurance bills skyrocket, hammering drivers with increases that feel impossible to justify. In a state already notorious for punishingly high housing, ...
Several forces are driving the higher rates. They include sharply rising prices for new cars and auto parts, which is being driven by inflation and exacerbated by President Trump’s tariffs, as well as ...
Car insurance rates are skyrocketing in California. The top 10 insurers in California got the nod last year to raise premiums ...