Proposed legislation could force insurers in California to pay 100 percent of the coverage for belongings inside homes destroyed by wildfires without itemization.
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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 ...
State Insurance Commish Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an ...
State Farm responded by saying that it “must seriously consider its options within the California insurance market going forward.” ...
State Farm pointed out that over the last nine years, the lack of alignment between price and risk means that for every $1 ...
Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.
California Insurance Commissioner Ricardo Lara (pictured above) has said that State Farm General Insurance Co. has not provided sufficient evidence to justify emergency property rate hikes ranging ...
California Insurance Commissioner Ricardo Lara has rejected State Farm General’s request for a rate hike averaging 22% due to ...