State Farm’s California Insurance Crisis Came

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.
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 public hearing.
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.
California regulators ‘provisionally’ approve State Farm steep homeowner rate hike
It’s unclear how much premiums could go up in the Bay Area or which parts of the region would see the largest rate hikes. Statewide, the insurer covers roughly 15% of homes, totaling more than 1
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.
Insurance commissioner ‘provisionally’ grants State Farm’s 22% rate hike
California Insurance Commissioner Ricardo Lara decided Friday to provisionally grant State Farm General's request for a 22% hike in its homeowner insurance rates pending a formal rate hearing next month.
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.
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 approves State Farm’s rate hike under certain conditions
State Farm has been given the green light to increase home insurance premiums by 22%, as long as the company can prove that it needs to raise rates at a public hearing next month.
State Farm can hike rates on California homeowners — if it pauses cancellations and proves need
If State Farm is successful at proving its need for rate hikes at next month’s hearing, its interim rates will climb on June 1 an average 22% for homeowners, 15% for renters and condos, and 38% for rental dwellings.
Insurance commissioner ‘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 today -- but only if the company can justify it with data in a public hearing scheduled for next month.
‘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 ...
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Climate politics and insurance intertwine, giving California official a no-win choice on State Farm
For Insurance Commissioner Ricardo Lara, approving an emergency 22% rate hike request by State Farm would raise bills for ...