As State Farm’s financial condition improves, policyholders will get a one-time, 2.5% premium discount when they renew.

In April, the company argued the emergency rate hike would help State Farm rebuild its capital after the wildfires.

A proposed settlement means some State Farm policyholders won’t see additional increases, and others could get refunds.

State Farm reaches settlement over emergency insurance rate hikes after last year’s Los Angeles County fires.

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.

The Department of Insurance approved a 6.9% rate increase for Mercury Insurance and CSAA Insurance Group in December 2025. By the end of 2025, the FAIR Plan had added over 21,000 policies to its ...

Car insurance rates are skyrocketing in California. The top 10 insurers in California got the nod last year to raise premiums ...

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 ...