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California insurance commissioner OKs State Farm rate hike

Silicon Valley on MSN · 1h

California regulators provisionally approve State Farm steep homeowner rate hike

On Friday, Insurance Commissioner Ricardo Lara signaled his willingness to allow State Farm to raise homeowner rates by an average of 22%. He also granted the state’s largest insurer initial approval to increase premiums by 15% for renters and condo owners and 33% for rental owners.

Fox Business on MSN · 3d

State Farm executive fired over comments on premium hikes after California wildfires

A State Farm executive was fired over an undercover video of comments he made about the insurer's California rate hike request in the wake of the devastating Los Angeles area wildfires.

Barron's on MSN · 1d

California Allows State Farm’s Emergency 22% Hike in Homeowner’s Insurance Rates

California’s insurance commissioner said his approval was conditioned on State Farm justifying its need for the increase by bringing data to a public hearing on April 8.

Action News Now7h

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.

5don MSN

‘They’re being so stingy with everything.’ State Farm criticized for claims response

State Farm, the largest home insurer in California, continues to seek approval of a 22% emergency rate hike even as it faces ...

Insurance Business America3d

State Farm tells Lara that it "doesn't make sense" to issue new policies in California

With Lara expected to issue a decision on State Farm’s request imminently, homeowners, insurers, and policymakers are bracing ...

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