State Farm approved for 17% rate hike amid California “insurance crisis”

Homeowners will bear the brunt of responsibility in shoring up the financial gaps for State Farm General after the California insurance commissioner sided with an administrative law judge ruling to allow an emergency 17 percent rate increase. That’s off from the  original request by California’s largest insurer to hike homeowner rates by 21.8 percent following […]This article originally appeared on The Real Deal. Click here to read the full story.