Consumer Watchdog is challenging State Farm's California premium increase request. (Courtesy photo/ALM archives) Consumer Watchdog is challenging State Farm's California premium increase request. (Courtesy photo/ALM archives)

A Los Angeles-based advocacy group alleges that California's State Farm General unnecessarily bought hundreds of millions of dollars of excess reinsurance from its parent company, State Farm Mutual Automobile Insurance Co. over the past decade, but got little back in return, the Los Angeles Times reported this week.

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Michael S. Fischer

Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.

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