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 ...

Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.

In a letter to the insurer, Lara said under Proposition 103, State Farm has the burden of explaining why the rate hike is ...

State Farm responded by saying that it “must seriously consider its options within the California insurance market going forward.” ...

California Insurance Commissioner Ricardo Lara has rejected State Farm General’s request for a rate hike averaging 22% due to ...

California Insurance Commissioner Ricardo Lara on Friday rejected State Farm’s request for “emergency” rate increases, ...

State Farm has not met its burden," Lara wrote in response to the request.Lara requested that the insurance company answer to a few key issues:Financial stability: Why has the company’s ...

The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance ...

After State Farm filed a request for a 22% rate hike for homeowner policies, Insurance Commissioner Ricardo Lara requested a meeting with the company so they can explain their need for such an ...

The company has a large network of local agents to assist with policy management. State Farm started by providing auto insurance to farmers ... Farm for 20 years. The office of Tina ** has always ...

"The costs of the January 2025 wildfires will further deplete capital from State Farm General. Capital is necessary so an insurance company can pay for any future claims for the risks it insures ...