State Farm made its request following years of losses and huge damage claims it has received following the Jan. 7 fires.
The state’s largest insurer will have to present evidence justifying the rate increase at a public hearing scheduled for ...
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 ...
State Farm executives said at the meeting that it needs a 22% emergency rate hike in California to cover more than $7.9 ...
The hearing, which is scheduled to start at 9:30 a.m. Wednesday, will be the first Lara attends on the state's insurance ...
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 ...
The California Department of Insurance has been under pressure to stabilize the market, introducing new rules that allow ...
California Insurance Commissioner Ricardo Lara said Friday that he will grant State Farm’s request to raise home insurance ...
State Farm reported that it has paid out $2.45 billion across 12,200 claims related to the January wildfires in Los Angeles, ...
California’s top insurance regulator says he will approve an emergency request from State Farm to raise home insurance rates for roughly a million customers if the company can justify the hike at a ...
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 ...