California approved a State Farm insurance settlement after proposed increases reached 52%; the deal is estimated to save consumers about $530 million

California insurance regulators have officially approved a settlement with State Farm General after the insurer requested premium increases of up to 52 per cent. The deal is expected to save homeowners and renters across the state about $530 million (£395 million), reports the Consumer Watchdog.

Raccontata datimesofindia.indiatimes.com