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California insurance commissioner OKs State Farm rate hike

Times of San Diego on MSN · 17h

State Farm Can Hike Rates on California Homeowners, If It Pauses Cancellations and Proves Need

California Insurance Commissioner Ricardo Lara said Friday that he will grant State Farm’s request to raise home insurance premiums by 22% on average if the company agrees to certain conditions -- and wins approval at a public rate hearing next month.

CBS News on MSN · 1d

California insurance commissioner "provisionally" approves State Farm 22% rate increase

California Insurance Commissioner Ricardo Lara announced Friday he has "provisionally" approved State Farm's rate hike of 22% as the company reports dealing with financial struggles stemming from the Los Angeles wildfires.

Newsweek on MSN · 1d

California Homeowners Face Major Rate Hike: 'Unprecedented'

The California Department of Insurance on Friday announced it had provisionally approved an emergency request by State Farm, the state's largest single insurer, to raise its home insurance premiums by 22 percent provided the company can "justify it with data in a public hearing" next month.

The San Joaquin Valley Sun2d

Report: Insurance Commissioner Lara skipped hearing for Bermuda trip

California Insurance Commissioner Ricardo Lara was reportedly on a work-related trip in Bermuda instead of attending an ...

LAist on MSN6d

Climate politics and insurance intertwine, giving California official a no-win choice on State Farm

For Insurance Commissioner Ricardo Lara, approving an emergency 22% rate hike request by State Farm would raise bills for ...

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