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

• The deal is expected to save homeowners and renters across the state about $530 million (£395 million), reports the Consumer Watchdog.
• The final order, signed by California Insurance Commissioner Ricardo Lara, settles ongoing homeowner and renter insurance rate cases.
• It adopts an agreement reached between State Farm, state regulators, a