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California insurance commissioner OKs State Farm rate hike

Barron's on MSN · 4h

California Allows State Farm’s Emergency 22% Hike in Homeowner’s Insurance Rates

California’s insurance commissioner said his approval was conditioned on State Farm justifying its need for the increase by bringing data to a public hearing on April 8.

The Press Democrat · 1h

State Farm can hike rates on California homeowners — if it pauses cancellations and proves need

California Insurance Commissioner Ricardo Lara said Friday he will grant State Farm’s request to raise home insurance premiums by 22% on average if the company agrees to certain conditions.

Associated Press News on MSN · 9h

California regulator mulls State Farm’s request for 22% premium hike for homeowners after LA fires

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 public hearing.

1hon MSN

California Insurance Commissioner was reportedly in Bermuda when he skipped oversight hearing

Lara attended the Bermuda Risk Summit, an event in the Caribbean that is held by members of the insurance and reinsurance ...

4don MSN

‘They’re being so stingy with everything.’ State Farm criticized for claims response

State Farm, the largest home insurer in California, continues to seek approval of a 22% emergency rate hike even as it faces ...

Insurance Business America2d

State Farm tells Lara that it "doesn't make sense" to issue new policies in California

With Lara expected to issue a decision on State Farm’s request imminently, homeowners, insurers, and policymakers are bracing ...

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