California insurance commish to State Farm

California insurance commish to State Farm: go pound ashes
State Insurance Commish Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an average 22%.
California Wildfires Hit State Farm Hard. But the Insurer Was Already Struggling.
California’s insurance commissioner denied State Farm’s request for a 22% rate hike to cover fire losses. But when the fires broke out, the state’s biggest home insurer was already waiting on an urgent request for a 30% hike.
California insurance commissioner rejects State Farm’s request for 22% rate increase
State Farm responded by saying that it “must seriously consider its options within the California insurance market going forward.”
State Farm Seeks 22% Rate Hike for California Homeowners
State Farm is requesting a 22% rate increase for California homeowners, citing $1 billion in recent claims and mounting wildfire-related losses. If approved, the change would take effect for renewals starting May 1, 2025.
State Farm responds to California Insurance Commissioner's denial of emergency interim rate request
State Farm pointed out that over the last nine years, the lack of alignment between price and risk means that for every $1 collected in premium, State Farm General paid
State Farm’s rate hike shot down by California regulator
California Insurance Commissioner Ricardo Lara rejected State Farm’s “emergency” premium increase of 22% on average for California homeowners.
State Farm wildfire rate hike rejected
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Big CA insurance hike blocked for now
Against the recommendation of his staff experts, California Insurance Commissioner Ricardo Lara denied a request from State ...