During a public hearing on Tuesday, State Farm said rate hikes are needed to shore up its assets and stability.

State Farm argues it needs additional funds to boost capital and avert an increasingly dire financial situation following the ...

The insurance company says its finances are strained because of the Eaton and Palisades fires, from which it expects to pay ...

State Farm General Insurance Co. said it needs the jolt of money to buoy its finances following years of losses and the fires ...

During State Farm's last meeting with the commissioner, the company says it can cover claims from the LA fires, but deemed ...

The decision from this meeting will impact policyholders everywhere but particularly those who live in fire country — like ...

"The fire actually got very close and singed ... reducing much of the Pacific Palisades and Altadena neighborhoods to ash. State Farm, California's largest property insurance provider, says ...

State Farm, already seeking an emergency 22% rate hike for its basic homeowners insurance, is now asking to raise the price ...

The raging wildfires that ripped through Los Angeles earlier this year caused an estimated $250 billion to $275 billion in total damages. State Farm corners about 20% of California’s homeowners ...

The California Department of Insurance held ... $1.04 billion at the end of 2024 to $400 million after the fires, according to State Farm. The company is using its surplus and reinsurance to ...

22% FOR ABOUT A MILLION CALIFORNIA CUSTOMERS. THE STATE’S INSURANCE COMMISSIONER, RICARDO LARA, HEARD THE ARGUMENT. STATE FARM SAYS IT IS NEEDED AFTER THE LA WILDFIRES THAT DESTROYED MORE THAN ...

The historic wildfires that ripped through Los Angeles ... In February, S&P Global placed State Farm's California subsidiary and its AA credit rating on a "CreditWatch Negative," citing 5 years ...