In an exclusive interview with CBS News California Investigates, the California Insurance Commissioner announced a formal Market Conduct Examination of State Farm.

State Farm said its finances are strained because of the Los Angeles County fires, from which it expects to pay more than $7 billion in claims. A hearing over emergency interim rates has never ...

OAKLAND, Calif. - California's insurance commissioner approved a judge's ruling Tuesday that will allow State Farm to raise policyholders' insurance rates as much as 17% for homeowners, 15% for ...

California's state insurance commissioner announced an investigation into State Farm over its handling of the thousands of insurance claims from survivors of the Southern California wildfires.

Between 2022 and January 2025, after the wildfires ravaged Southern California, State Farm's surplus plunged from $2.24 billion to approximately $620 million, Seligman found, a "massive drop ...

California State Farm policyholders will soon face a significant rate increase, as the Insurance Commissioner has approved a $749 million emergency interim rate hike following the Southern ...

State Farm executives warned that claims from the January Southern California fires could cut into its reserves when it asked for the emergency hike.

“State Farm should not have gotten its rate hike imposed before it justified it,” Balber told the Southern California News Group. “We intend to make that case at the full rate hearing.” ...

State Farm said its finances are strained because of the Los Angeles County fires, from which it expects to pay more than $7 billion in claims. A hearing over emergency interim rates has never ...

State Farm said its finances are strained because of the Los Angeles County fires, from which it expects to pay more than $7 billion in claims. A hearing over emergency interim rates has never ...