California regulator mulls State Farm's request for 22% premium hike for homeowners after LA fires
California's top insurance regulator on Friday said he would approve an emergency request by State Farm to raise premiums 22% on home insurance for about a million customers if the insurance giant could justify the hike at a public hearing.
California Insurance Commissioner Ricardo Lara was reportedly on a work-related trip in Bermuda instead of attending an ...
With Lara expected to issue a decision on State Farm’s request imminently, homeowners, insurers, and policymakers are bracing ...
The storm expected to hit Southern California on Wednesday could wreak havoc in those same areas devastated by wildfires in January.
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Climate politics and insurance intertwine, giving California official a no-win choice on State FarmFor Insurance Commissioner Ricardo Lara, approving an emergency 22% rate hike request by State Farm would raise bills for ...
In August 2024, Lara granted Consumer Watchdog eligibility to seek compensation but only for two years, saying the ...
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