Insurance Commissioner Ricardo Lara on Monday rejected State Farm General's request for an emergency 22% home insurance rate ...

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

Executives for State Farm General Insurance Company, the firm’s California arm, asked Lara for a 22% price increase on Feb. 3. They told the commissioner their business “needs your urgent assistance ...

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 ...

As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer ...

"The costs of the January 2025 wildfires will further deplete capital from State Farm General. Capital is necessary so an insurance company can pay for any future claims for the risks it insures ...

“We know we will ultimately pay out significantly more, as these fires will collectively be the costliest in the history of the company,” the letter said. State Farm said the emergency interim ...

“Higher risks should pay more for insurance than lower risks. Over the last 9 years, the lack of alignment between price and risk means that for every $1.00 collected in premium, State Farm ...