State Farm Can Hike Rates on California Homeowners - If It Pauses Cancellations and Proves Need
California Insurance Commissioner Ricardo Lara said today 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.
State Farm 'provisionally' granted 22% hike by California insurance head
California Insurance Commissioner Ricardo Lara wants the prospective rate hike discussed at a public hearing in April before he formally approves it.
Insurance Commissioner Lara ‘Provisionally’ Agrees to State Farm’s 22% Rate Hike
California Insurance Commissioner Ricardo Lara “provisionally” approved State Farm General’s request for an emergency 22% increase in its homeowners insurance rate Friday — but only if the company can justify it with data in a public hearing scheduled for next month.
California regulators provisionally approve State Farm steep homeowner rate hike
California insurance regulators have “provisionally approved” State Farm’s request for a massive rate hike for homeowners following the devasting Los Angeles wildfires.
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.
State Farm will have to justify rate hike for homeowner's insurance at April public hearing
Calif. Insurance Commissioner Ricardo Lara also called on State Farm to halt non-renewals of homeowner coverage policies.
California Insurance Chief Backs 22% State Farm Rate Hike
California Insurance Commissioner Ricardo Lara said he plans to approve a 22% emergency rate increase for State Farm policyholders, pending a public hearing next month, in a move aimed at stabilizing the state’s insurance market after the Los Angeles area’s devastating wildfires.
Insurance Commissioner ‘provisionally’ accepts State Farm’s 22% rate hike
California Insurance Commissioner Ricardo Lara has provisionally accepted State Farm General’s request for an emergency 22% rate hike. State Farm, the state’s largest home insurer, made this request due to the company’s “dire” financial situation after the deadly and destructive Los Angeles County wildfires.
California Regulator Mulls State Farm's Request for 22% Premium Hike for Homeowners After LA Fires
California's top insurance regulator says he will approve an emergency request from State Farm to raise home insurance rates for roughly a million customers if the company can justify the hike at a pu
California Approves State Farm’s Emergency Rate Increase on Homeowners
The approval comes months after devastating wildfires, and will add an average $600 a year to homeowners’ bills.
California insurance commissioner OKs State Farm rate hike, pending vote
State Farm made its request following years of losses and huge damage claims it has received following the Jan. 7 fires.
CA Insurance Commissioner demands State Farm justify rate hike request in public meeting
California Insurance Commissioner Ricardo Lara announced on Friday, he would approve State Farm's emergency request to raise ...
Ricardo Lara’s no-win on State Farm
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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 ...
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State Farm home insurance rates set to soar again in Bay Area
State Insurance Commissioner Ricardo Lara said in a closed meeting on March 11 with Dan Krause, State Farm's senior vice president for the West, that he was proposing granting the insurance giant ...