State Farm Can Hike Rates on California Homeowners, If It Pauses Cancellations and Proves Need
California Insurance Commissioner Ricardo Lara said Friday that he will grant State Farm’s request to raise home insurance premiums by 22% on average if the company agrees to certain conditions -- and wins approval at a public rate hearing next month.
Insurance Commissioner Ricardo Lara said Friday he will approve State Farm’s request for an emergency rate increase, but only if the company’s California arm can justify its need for it at a public ...
State Farm, the largest home insurer in California, continues to seek approval of a 22% emergency rate hike even as it faces ...
With Lara expected to issue a decision on State Farm’s request imminently, homeowners, insurers, and policymakers are bracing ...
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