California Insurance Commissioner Ricardo Lara announced Friday he has "provisionally" approved State Farm's rate hike of 22% as the company reports dealing with financial struggles stemming from the ...
California Insurance Commissioner Ricardo Lara said he plans to approve a 22% emergency rate increase for State Farm policyholders, pending a public hearing next month, in a move aimed at stabilizing ...
State Farm made its request following years of losses and huge damage claims it has received following the Jan. 7 fires.
California Insurance Commissioner Ricardo Lara “provisionally” granted State Farm General’s request for an emergency 22% hike in its homeowners insurance rate Friday — but it won’t take ...
Once thought of as a small, rarely-used backstop, the FAIR Plan is now one of the largest insurers in the state, and people without FAIR Plan insurance are the ones on the hook for the FAIR Plan's ...
State Farm reported that it has paid out $2.45 billion across 12,200 claims related to the January wildfires in Los Angeles, ...
California Insurance Commissioner Ricardo Lara has allowed a provisional emergency interim State Farm home insurance rate increase following the January wildfires while raising questions about the ...
California Insurance Commissioner Ricardo Lara said Friday that he will grant State Farm’s request to raise home insurance ...
California Insurance Commissioner Ricardo Lara wants the prospective rate hike discussed at a public hearing in April before ...
The hearing, which is scheduled to start at 9:30 a.m. Wednesday, will be the first Lara attends on the state's insurance ...
State Farm can raise homeowners, renters, condo, and landlord policy insurance rates in California— at least until April 8, when the state's largest property insurer must prove in a public hearing ...