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Attorneys for State Farm said if the rate increases are approved, the company has also agreed to seek $400 million in funds from its parent company.
During a public hearing on Tuesday, State Farm said rate hikes are needed to shore up its assets and stability.
California will see the second-biggest rate hikes in the U.S. as a consequence of the Palisades and Eaton fires, a report found.
In Mariposa County, 42% of homeowners are already using the FAIR plan as the county has the third highest non-renewal percentage in the state at 6.87%.
The decision from this meeting will impact policyholders everywhere but particularly those who live in fire country — like ...
California is no stranger to bold legislative proposals, but Senator Scott Wiener’s latest bill, targeting fossil fuel ...
It recently came to my attention (by watching a televised CBS report) that the California FAIR Insurance Plan contains some hidden aspects that affect all homeowners — not just those covered ...
and Digital Economy to urgently engage telecommunications providers to review the recent increase in data costs and ensure that pricing remains fair and affordable for all Nigerians. The Upper ...
While some Redding residents worry about losing fire insurance coverage, the state recently release new fire hazard severity zone maps.
Setting the right price for your electrical services can feel like walking a tightrope. Charge too much, and you risk losing customers. Charge too little, and you might not cover your costs or earn a ...