California approves State Farm's 17% increase in home insurance premiums 03:10. Following a judge's ruling Monday, State Farm customers in California are one step away from paying more on their ...

California insurer State Farm is asking regulators for another rate hike, less than a week after it was granted permission to temporarily charge an extra 17 percent for homeowners' insurance policies.

State Farm secured the expedited rate hike after asserting it was in financial distress and expected $7.6 billion in claims arising from the deadly Los Angeles wildfires in January.

A judge ruled Tuesday State Farm is allowed to raise insurance rates next month. The insurance company is asking homeowners pay an average 17% more. It will be allowed to impose a 15% hike on ...

State Farm General said that as of June 10 it has received more than 12,800 claims related to the Jan. 7 fires and has paid more than $3.96 billion to its California customers. The insurer has ...

During the recent hearing in California and in the process that ensued, State Farm was forced to make some concessions — lowering the rate hike to 17 percent, from nearly 22 percent, as well as ...