Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.
State Farm submitted a request for an emergency interim rate, which would have increased costs by 22% for some homeowners.
Investor's Business Daily on MSN13h
Home Insurance Stocks Face Big Losses From California Fires. But Investors' Fears Could Be Overblown.Fire and hurricane losses cast a shadow over insurance stocks. But a deep dive shows several positives lining up for the industry.
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