Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.
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 rejected State Farm’s “emergency” premium increase of 22% on average for ...
In a Feb. 14 letter, Lara informed State Farm that the company had not met the burden of proof required for emergency ...
State Farm responded by saying that it “must seriously consider its options within the California insurance market going ...
Insurance Commissioner Ricardo Lara on Friday rejected State Farm General's request for an emergency 22% home insurance rate hike due to the Los Angeles fires unless the insurer can provide more ...
State Farm submitted a request for an emergency interim rate, which would have increased costs by 22% for some homeowners.
While we’re positioned to handle all of the claims associated with the most recent wildfires, State Farm General must ... On Friday, the insurance department unveiled a package of fire-related ...
California Insurance Commissioner Ricardo Lara recently rejected State Farm’s request for “emergency” rate increases, setting ...
A pickup truck crashed into a Cheyenne couple’s home last fall, causing at least $30,000 damage. Now State Farm Insurance is ...
State Farm pointed out that over the last nine years, the lack of alignment between price and risk means that for every $1 ...
State Insurance Commish Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an ...