State Insurance Commish Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an ...
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 on Friday rejected State Farm’s request for “emergency” rate increases, setting up what could be a highly consequential showdown with the state’s biggest ...
California Insurance Commissioner Ricardo Lara rejected State Farm’s “emergency” premium increase of 22% on average for ...
House Bill 1182 would also require insurers to give customers an opportunity to appeal assessments of a property’s wildfire risk, which can lead to increased costs and nonrenewals ...
In a letter issued on Friday, Lara said State Farm’s request for an emergency interim rate increase can only be granted if ...
In a letter to the insurer, Lara said under Proposition 103, State Farm has the burden of explaining why the rate hike is ...
After massive payouts from L.A. fires, California's largest insurer faces tough questions about its 22% premium increase ...
California insurance regulators are demanding that State Farm answer “critical questions about its financial condition” in ...
After State Farm filed a request for a 22% rate hike for homeowner policies, Insurance Commissioner Ricardo Lara requested a meeting with the company so they can explain their need for such an ...
Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.