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.

The agreement sent to a judge late Friday cements a $530 million emergency hike in home insurance rates Insurance ...

WE BEGIN WITH BREAKING NEWS. THAT BREAKING NEWS. POTENTIAL RELIEF TO THE STATE’S INSURANCE CRISIS. GOVERNOR GAVIN NEWSOM SAYS SOME OF THE INSURERS WHO LEFT OR LIMITED COVERAGE IN THE STATE OVER RISING ...

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.

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 ...