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California insurance commissioner OKs State Farm rate hike

CBS News on MSN · 1h

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.

The Press Democrat · 14h

State Farm can hike rates on California homeowners — if it pauses cancellations and proves need

California Insurance Commissioner Ricardo Lara said Friday he will grant State Farm’s request to raise home insurance premiums by 22% on average if the company agrees to certain conditions.

The Wall Street Journal on MSN · 22h

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.

19hon MSN

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 ...

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 America2d

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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