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Financial Insurance

State Farm accused of funneling excess profits to parent as it seeks rate hike

State Farm is seeking a 30% rate hike, claiming its California unit is in financial trouble. Consumer Watchdog alleges the home insurer is hiding earnings.

By: Yahoo Entertainment

Oct 30 2024
3
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State Farm accused of funneling excess profits to parent as it seeks rate hike

State Farm General, California's largest home insurer, is being accused of boosting the profits of its parent company at the expense of state policyholders while claiming it's in financial distress a… [+6383 chars]

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Here's where Harris and Trump stand on three big health care issues