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State Farm begins first-of-its-kind insurance rate hearing today

State Farm begins first-of-its-kind insurance rate hearing today

From CalMatters economy reporter Levi Sumagaysay: State Farm will try to justify its need to raise property insurance rates — stat — at an unprecedented public rate hearing starting today. Rate hearings are rare and usually scheduled months in advance. This one’s different because California Insurance Commissioner Ricardo Lara called it hastily about a month … Continue reading State Farm begins first-of-its-kind insurance rate hearing today