CHEYENNE— Out-of-state wildfires and a potential loss of firefighting resources could impact homeowners insurance rates in Wyoming. Before the devastating January fires in Los Angeles, homeowners in ...
After the Los Angeles fires, State Farm asked for an “emergency” premium increase of 22% on average for California homeowners ...
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.” ...
California insurance regulators are demanding that State Farm answer “critical questions about its financial condition” in ...
State Farm wants CA's Insurance Commissioner to approve an emergency 22% increase on homeowners insurance. The commissioner says no, for now. He needs more info.
State Farm submitted a request for an emergency interim rate, which would have increased costs by 22% for some homeowners.
California Insurance Commissioner Ricardo Lara has rejected State Farm General’s request for a rate hike averaging 22% due to the company’s “dire” ...
Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.
Executives for State Farm General Insurance Company, the firm’s California arm, asked Lara for a 22% price increase on Feb. 3. They told the commissioner their business “needs your urgent assistance ...