Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.
State Farm wants CA's Insurance Commissioner to approve an emergency 22% increase on homeowners insurance. The commissioner says no, for now. He needs more info.
State Farm wrote in a letter on Monday that the recent fires in Los Angeles threaten its finances and are “the costliest in ...
State Farm wants to raise home insurance rates for Californians by an average of 22% after the company paid out roughly $1 billion in claims due to the Los Angeles fires. As the largest home ...
In a letter to California’s Commissioner of Insurance, Ricardo Lara, State Farm said it has already received more than 8,700 claims and paid over $1 billion to customers in the wake of the ...
State Farm, which has traditionally been the largest home insurer in California, does not make its claims data publicly available. The California Department of Insurance also keeps confidential ...
State Farm is seeking emergency rate hikes of up to 38% for California homeowners, renters and landlords following wildfire ...
the state’s largest and a subsidiary State Farm Mutual Automobile Insurance Co., said it has received more than 8,700 claims from the Jan. 7 fires in Pacific Palisades and Altadena areas.
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