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

THE WEST SLOPE FOUNDATION HOSTS PREPAREDNESS WORKSHOPS TO HELP FAMILIES IN THE REGION GET READY California's insurance commissioner has denied State Farm's request for an emergency rate hike ...

California’s insurance commission has turned down State Farm’s request to increase its rates, at least for now.

California's insurance commission has turned down State Farm's request to increase its rates, at least for now. California Insurance Commissioner Ricardo Lara sent a letter to the insurance ...

California's Insurance Commissioner scheduled a meeting with State Farm to justify its request to increase home coverage rates as high as 22%. "Our decisions must be guided by transparent data and ...

The company's challenges mirror broader insurance market pressures. In May 2023, State Farm stopped writing new policies in California. By March 2024, it announced plans to non-renew 72,000 ...

California Insurance Commissioner Ricardo Lara on Friday rejected State Farm’s request for “emergency” rate increases, setting up what could be a highly consequential showdown with the state ...

California Insurance Commissioner Ricardo Lara on Friday rejected State Farm’s request for “emergency” rate increases, setting up what could be a highly consequential showdown with the state ...

By 2022, State Farm had more than 20% of the California market, dwarfing its competitors. In 2023, the insurer took in $2.7 billion of home-insurance premiums in the state, more than a third ...

19, 2024, has rejected a request from State Farm to hike home insurance rates in California by 22% on average. (File photo by Fred Greaves/For CalMatters) California Insurance Commissioner Ricardo ...

One such disturbing figure: In the wake of the flames, State Farm, California’s largest insurer, is requesting an allowance to raise homeowners insurance rates by an average of 22%. The letter to ...