NU Online News Service, June 1, 3:55p.m. EDT
State Farm Insurance requests to hike Texas homeowners rates by over 13 percent have sparked an extended battle with the Texas Department of Insurance, which called the proposed hikes "excessive."
Kevin Davis, spokesperson for State Farm Lloyd's, a Texas subsidiary, explained, "Prior to June of 2008 we had been unable to change our base rate for more than four years. During that time, the costs of everything related to insurance increased.
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