L.A. wildfires up the pressure on California’s insurance commissioner over industry ties
The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance regulator, Ricardo Lara — have done enough to protect homeowners.
California insurance commissioner rejects State Farm’s request for 22% rate increase
State Farm responded by saying that it “must seriously consider its options within the California insurance market going forward.”
California’s Biggest Home Insurer Threatens to Leave State Unless Its Rates Rise
State Farm General has 20% market share, and said it “must seriously consider its options within the California insurance market going forward.”
Insurance Commissioner seeks answers from State Farm on rates, viability
The insurer had sought approval for an emergency rate hike in the wake of LA fires, which led to the call for a meeting on its viability
Insurance Commissioner rejects State Farm’s emergency rate hike request, calls for meeting with company reps
California Insurance Commissioner Ricardo Lara has rejected State Farm General’s request for a rate hike averaging 22% due to the company’s “dire” financial situation after the deadly and destructive L.
California Rejects Insurance Company's Demand For Rate Hike
California's insurance commissioner has turned down a request for an emergency 22 percent hike in home insurance rates, following the Los Angeles wildfires.
Insurance commissioner Lara Seeks meeting with State Farm on rate request
In a letter to the insurer, Lara said under Proposition 103, State Farm has the burden of explaining why the rate hike is needed now — which he says the company has “not met.”
Big Homeowner Rate Hike From State Farm Shot Down by California Regulator
California's insurance chief rejects State Farm's 'emergency' rate hike, setting stage for a crucial industry showdown.
State Farm's emergency rate hike rejected by insurance commissioner
After State Farm, California's largest insurer, filed a request for an emergency 22% rate hike for homeowner policies, Insurance Commissioner Ricardo Lara rejected the company's request Friday.
California Bill Could Force Insurers to Change Payout Policies
Proposed legislation could force insurers in California to pay 100 percent of the coverage for belongings inside homes ...
State Farm’s rate hike shot down by California regulator
California Insurance Commissioner Ricardo Lara rejected State Farm’s “emergency” premium increase of 22% on average for ...
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Insurance commissioner, legislative leaders join forces to introduce proposals for wildfire mitigation and recovery
Insurance Commissioner Ricardo Lara, along with several legislators, is advancing a comprehensive legislative package aimed at protecting wildfire survivors and improving preparedness for future ...
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Lara demands justification for State Farm rate hike
In a letter issued on Friday, Lara said State Farm’s request for an emergency interim rate increase can only be granted if ...