Consumer Watchdog Calls for Public Hearing on State Farm’s Unprecedented Request for 4-Year, $5.2 Billion Policyholder Bailout

LOS ANGELES, July 29, 2024 /PRNewswire/ — Consumer Watchdog is asking Insurance Commissioner Lara to hold a public hearing on State Farm’s new request for a 30% increase in its homeowners insurance rates because the company wants to use the money to improve its general financial…