Insurance commissioner rejects State Farm’s request for 22% emergency rate hike
Insurance Commissioner Ricardo Lara on Friday rejected State Farm General's request for an emergency 22% home insurance rate hike due to the Los Angeles fires unless the insurer can provide more evidence it is warranted.
California regulators reject — for now — State Farm’s emergency rate hike request
California insurance regulators are demanding that State Farm answer “critical questions about its financial condition” in response to the company’s request for emergency approval of a steep rate hike for homeowners in the wake of the Los Angeles wildfires.
State Farm asks for 'emergency' 22% homeowners' insurance rate hike in wake of LA wildfires
You could face a 22% rate hike if State Farm covers your home. The company sent a letter to the California Dept. of Insurance Monday warning of its "dire" financial situation in the wake of the Los Angeles County wildfires - requesting an "emergency" rate hike.
Firefighters had barely achieved full containment of the blazes that leveled whole neighborhoods in Los Angeles before State ...
citing a “dire” financial situation after destructive Los Angeles wildfires last month.In a letter to California’s Commissioner of Insurance, Ricardo Lara, State Farm said it has already ...
State Farm wants to raise home insurance rates for Californians by an average of 22% after the company paid out roughly $1 ...
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