Insurance industry expert Karl Susman answers questions regarding the three-day State Farm hearing that wrapped up in Northern California this week. The insurance company is asking for an immediate rate increase,

Months after wildfires devastated Los Angeles, insurance giant State Farm submitted a request to hike rates for all of its California customers. If approved by insurance regulators, there would be a 22% increase for homeowners,

State Farm General Insurance Co. said it needs the jolt of money to buoy its finances following years of losses and the fires that ravaged the Los Angeles area in January.