Reflecting the general upward trends in the cost of property and liability insurance claims, State Farm General Insurance Co. has filed a request for an average statewide 6.9 percent rate increase with the California Department of Insurance. The rate filing covers policies for homeowners, renters and condos.
The rate request is based on multi-year trends in the basic cost of claims the company has paid through 2007, it said.
State Farm General, the California property insurance affiliate of State Farm Mutual Automobile Insurance Co., has not increased rates in the state since 2003. The most recent rate changes were rate reductions: 6.2 percent in September of 2005 and 20 percent in April of 2007, the company said.
Source: State Farm General Insurance Co.
Mr. Independent Agent says: 
JASON JAMES says: 
Scott says: 
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
