At an Oakland hearing Tuesday, attorneys for State Farm Insurance made their case for an emergency rate hike that could impact insurance rates for millions of Californians. State Farm -- the state's ...
Consumer Price Index (CPI) data from December 2023 to December 2024 showed that the cost of motor vehicle insurance increased 11.3% nationwide, second only to the rising price of eggs. At the end of ...
The state's approval came after a three-day hearing in April where State Farm had to justify with data why the rate hike was necessary. In April, State Farm argued the emergency insurance rate hikes ...