State Farm justified its rate hike by claiming it is paying out $1.26 in claims for every dollar it collects in premiums, resulting in the loss of $5 billion in the last nine years.
Although State Farm is now removed from the lawsuit, the wrongful death claims against Caminantes Trucking, Lucky 22, USPS, ...
California's insurance chief gives green light to major rate hike for State Farm homeowners, but with some concessions ...