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California insurance commissioner OKs State Farm rate hike

CBS News on MSN · 1d

California insurance commissioner "provisionally" approves State Farm 22% rate increase

California Insurance Commissioner Ricardo Lara announced Friday he has "provisionally" approved State Farm's rate hike of 22% as the company reports dealing with financial struggles stemming from the Los Angeles wildfires.

Los Angeles Times on MSN · 2d

Insurance commissioner ‘provisionally’ grants State Farm’s 22% rate hike

California Insurance Commissioner Ricardo Lara decided Friday to provisionally grant State Farm General's request for a 22% hike in its homeowner insurance rates pending a formal rate hearing next month.

Bloomberg on MSN · 2d

California Insurance Chief Backs 22% State Farm Rate Hike

California Insurance Commissioner Ricardo Lara said he plans to approve a 22% emergency rate increase for State Farm policyholders, pending a public hearing next month, in a move aimed at stabilizing the state’s insurance market after the Los Angeles area’s devastating wildfires.

2don MSN

California regulator mulls State Farm’s request for 22% premium hike for homeowners after LA fires

California's top insurance regulator says he will approve an emergency request from State Farm to raise home insurance rates ...

6don MSN

‘They’re being so stingy with everything.’ State Farm criticized for claims response

State Farm, the largest home insurer in California, continues to seek approval of a 22% emergency rate hike even as it faces ...

Insurance Business America4d

State Farm tells Lara that it "doesn't make sense" to issue new policies in California

With Lara expected to issue a decision on State Farm’s request imminently, homeowners, insurers, and policymakers are bracing ...

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