California’s largest home insurer, State Farm, is seeking approval for a 30% rate increase for homeowners insurance and 40% for apartment and condo policies as it tries to cope with rising costs ...

Some 1,600 insurance policies for Pacific Palisades homes were dropped by State Farm in July, six months before fires wiped out much of the community. Above, Pacific Palisades, on Feb. 5, 2025.

Some 1,600 insurance policies for Pacific Palisades homes were dropped by State Farm in July, six months before fires wiped out much of the community. Above, Pacific Palisades, on Feb. 5, 2025.

The state of California approved State Farm's request for an emergency 17% increase in homeowners insurance rates as the company deals with financial challenges after the Los Angeles wildfires.

Protecting all State Farm customers and the integrity of our insurance market is an urgent matter. Let me be clear: We are in a statewide insurance crisis affecting millions of Californians.

The actuaries concluded both that State Farm had exaggerated the financial strain and that the rate increase was not justified, Ms. Balber said. The interim rates go into effect on June 1.

California's insurance commissioner granted State Farm approval for an emergency 17 percent rate hike on Tuesday, after already authorizing a 20 percent increase last year. Commissioner Ricardo ...

State law requires insurance companies to justify increases before they take effect. But that didn't happen here. Instead, the interim increase will go into effect on June 1.

Insurance Commissioner Ricardo Lara adopted an administrative law judge's recommendation Tuesday and granted State Farm General, the state's largest home insurer, a 17% emergency hike in its ...

As part of an agreement, State Farm’s California business will receive $400 million in aid from its parent company. The price increase will go into effect June 1.

State Farm asked on Feb. 3 for a nearly 22% emergency rate increase on home policies going into a hearing last month with the state’s insurance commissioner and Consumer Watchdog. According to ...

After fielding complaints at a community meeting about how State Farm is handling Los Angeles wildfire claims, California Insurance Commissioner Ricardo Lara said an inquiry was not 'off the table.' ...