The insurer had sought approval for an emergency rate hike in the wake of LA fires, which led to the call for a meeting on ...

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 (pictured above) has said that State Farm General Insurance Co. has not provided sufficient evidence to justify emergency property rate hikes ranging ...

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 ...

California Insurance Commissioner Ricardo Lara has rejected State Farm General’s request for a rate hike averaging 22% due to ...

State Farm pointed out that over the last nine years, the lack of alignment between price and risk means that for every $1 ...

California’s insurance commission has turned down State Farm’s request to increase its rates, at least for now.

In a letter issued on Friday, Lara said State Farm’s request for an emergency interim rate increase can only be granted if ...

California insurance regulators are demanding that State Farm answer “critical questions about its financial condition” in ...

Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.

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 ...