State Farm, California

State Farm mulling options after Lara rejects emergency rate hike request
In a Feb. 14 letter, Lara informed State Farm that the company had not met the burden of proof required for emergency property rate increases of 15% to 38%. He requested additional data and scheduled a meeting at the end of the month with the carrier and intervenor Consumer Watchdog.
Big homeowner rate hike from State Farm shot down by California regulator
By Levi Sumagaysay CalMatters California Insurance Commissioner Ricardo Lara recently rejected State Farm’s request for “emergency” rate increases, setting up what could be a highly consequential showdown with the state’s biggest insurer — and going against the recommendation of his staff experts.
California insurance commissioner rejects State Farm’s request for 22% rate increase
State Farm responded by saying that it “must seriously consider its options within the California insurance market going forward.”
Lara demands justification for State Farm rate hike
In a letter issued on Friday, Lara said State Farm’s request for an emergency interim rate increase can only be granted if the carrier can show why a price hike is necessary. A meeting is set for 26 February. State Farm has requested a rate increase from 1 May of 22% for non-tenant homeowners, 15% for tenants and 38% for rental dwelling.
California Insurance Commissioner asks State Farm to justify 22% insurance rate increase
Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.
State Farm's "Emergency" Rate Hike Gets Cold Shoulder From Insurance Commissioner
After massive payouts from L.A. fires, California's largest insurer faces tough questions about its 22% premium increase request
State Farm’s request for emergency California rate hike has been denied
In a rebuke to the state’s largest insurance company, California Insurance Commissioner Ricardo Lara announced Friday he will not grant State Farm General’s request for an emergency rate hike in the wake of the Los Angeles wildfires.
California insurance commish to State Farm: go pound ashes
State Insurance Commish Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an average 22%.
State Farm’s rate hike shot down by California regulator
California Insurance Commissioner Ricardo Lara rejected State Farm’s “emergency” premium increase of 22% on average for California homeowners.
California's insurance head rejects State Farm's rate increase request
California Insurance Commissioner Ricardo Lara denied State Farm's request for "emergency" rate increases that would have meant an average increase of 22% for homeowners.
State Farm wildfire rate hike rejected
State Farm's request for a rate hike has been rejected. Elon Musk on Trump Derangement Syndrome: They've become 'completely irrational' Hundreds of United Passengers Stranded on Snowy Island for Days Mark Ruffalo wants you to remember that ‘every petty
Insurance Commissioner rejects State Farm’s emergency rate hike request, calls for meeting with company reps
California Insurance Commissioner Ricardo Lara has rejected State Farm General’s request for a rate hike averaging 22% due to ...
CA post-wildfire beef heats up as state insurance chief accuses Dem congressman of ‘White mansplaining’
Calif., criticized his reform plans, California Insurance Commissioner Ricardo Lara accused him of "white mansplaining" ...