California’s home insurance market is running out of worst-case scenarios. But one threat still looms large: further pullback or even a complete exit by its biggest player by far, State Farm General.
California Insurance Commissioner Ricardo Lara recently rejected State Farm’s request for “emergency” rate increases, setting ...
In a Feb. 14 letter, Lara informed State Farm that the company had not met the burden of proof required for emergency ...
State Insurance Commish Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an ...
State Farm responded by saying that it “must seriously consider its options within the California insurance market going ...
California Insurance Commissioner Ricardo Lara denied State Farm's request for "emergency" rate increases that would have meant an average increase of 22% for homeowners.
The state’s insurance commissioner blocked a State Farm request to raise rates as wildfire insurance claims continue to roll in.
California Insurance Commissioner Ricardo Lara (pictured above) has said that State Farm General Insurance Co. has not provided sufficient evidence to justify emergency property rate hikes ranging ...
California Insurance Commissioner Ricardo Lara rejected State Farm’s “emergency” premium increase of 22% on average for ...
State Farm pointed out that over the last nine years, the lack of alignment between price and risk means that for every $1 ...
California’s insurance commission has turned down State Farm’s request to increase its rates, at least for now.
In a letter to the insurer, Lara said under Proposition 103, State Farm has the burden of explaining why the rate hike is ...
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