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California insurance commissioner OKs State Farm rate hike

Los Angeles Times on MSN · 2h

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.

Orange County Register · 20m

State Farm’s 22% rate increase gets tentative OK from California insurance chief

Commissioner Ricardo Lara Lara wants the insurance giant to present evidence justifying the increase at a public hearing April 8.

The Press Democrat · 23m

State Farm can hike rates on California homeowners — if it pauses cancellations and proves need

California Insurance Commissioner Ricardo Lara said Friday he will grant State Farm’s request to raise home insurance premiums by 22% on average if the company agrees to certain conditions.

1don MSN

California Insurance commissioner no shows, chairwoman rushes hearing on insurance crisis

The short meeting on one of the state's biggest issues comes as communities recover from the devastating and expensive Los ...

Insurance Insider2d

Interveners can no longer hold rates hostage: CA Commissioner Lara

In August 2024, Lara granted Consumer Watchdog eligibility to seek compensation but only for two years, saying the ...

LAist on MSN4d

Climate politics and insurance intertwine, giving California official a no-win choice on State Farm

For Insurance Commissioner Ricardo Lara, approving an emergency 22% rate hike request by State Farm would raise bills for ...

4don MSN

Amid statewide insurance crisis, top regulator sidelines judge who challenged its practices

Chief Administrative Law Judge Kristin Rosi’s departure leaves the independent bureau with just one judge on staff.

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