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 ...
LA Times Today: L.A. wildfires up the pressure on California’s insurance commissioner over industry ties
When State Farm insurance wanted an emergency rate hike of 22 percent after the wildfires, state insurance commissioner ...
California Insurance Rates to Rise for More Than 600,000 Residents
California homeowners with Mercury General and Safeco policies are going to see their premiums increase this year.
Santa Monica Daily Press10h
Big homeowner rate hike from State Farm shot down by California regulator
California Insurance Commissioner Ricardo Lara recently rejected State Farm’s request for “emergency” rate increases, setting ...
insurancebusinessmag13h
State Farm mulling options after Lara rejects emergency rate hike request
In a Feb. 14 letter, Lara informed State Farm that the company had not met the burden of proof required for emergency ...
Red Bluff Daily News23h
LA wildfires intensify political jousting over home insurance premiums
The insurance commissioner must, of course, protect the interests of consumers, but one of those interests is a healthy insurance market, and a parallel duty is making insurance profitable enough ...