California, State Farm

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 for roughly a million customers if the company can justify the hike at a public hearing.
California regulators ‘provisionally’ approve State Farm steep homeowner rate hike
It’s unclear how much premiums could go up in the Bay Area or which parts of the region would see the largest rate hikes. Statewide, the insurer covers roughly 15% of homes, totaling more than 1
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.
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.
California Approves State Farm’s Emergency Rate Increase on Homeowners
The approval comes months after devastating wildfires, and will add an average $600 a year to homeowners’ bills.
California Allows State Farm’s Emergency 22% Hike in Homeowner’s Insurance Rates
California’s insurance commissioner said his approval was conditioned on State Farm justifying its need for the increase by bringing data to a public hearing on April 8.
California regulator to approve State Farm's 22% home insurance rate hike, but with a catch
California's top insurance regulator on Friday said he would approve an emergency request by State Farm to raise premiums 22% on home insurance for about a million customers if the insurance giant could justify the hike at a public hearing.
California lawmakers propose fixes for ‘insurance industry in shambles’
The fires that reduced Altadena, Pacific Palisades and other Los Angeles-area neighborhoods to rubble have also shined a ...
State pushes insurers to expand coverage in fire-risk areas
State insurance regulators have unveiled a new plan to stabilize the home insurance market by pushing insurers to expand ...
Silicon Valley on MSN3h
Why were these Bay Area communities left off map of fire-risk areas where insurers must expand coverage?
Despite leaving some high-fire areas off the map, regulators say the plan is designed specifically to benefit suburban ...
Lawyers: CA ruling impacts homeowners’ fire-related insurance claims
Lawyers say a new California court ruling could make it more difficult for property owners to get paid for fire-related ...
Courthouse News Service9d
California lawmakers fast-track insurance bills in wake of deadly fires
A bill passed Wednesday by the Assembly Insurance Committee would enable the state's FAIR Plan to request bonds be issued ...
California Issues Insurance Warning To Millions As Atmospheric River Nears
The storm expected to hit Southern California on Wednesday could wreak havoc in those same areas devastated by wildfires in January.
Marketplace1d
High fire risk hasn’t yet harmed home values in California cities
Pricey homes in major California cities are worth over $9 trillion but face high climate risk, a Zillow analysis finds.
The Santa Barbara Independent9d
California’s Insurance Crisis: What Santa Barbara Homeowners Need to Know
Last week’s Insurance Town Hall with Insurance Commissioner Ricardo Lara, hosted by Senator Monique Limón and Assemblymember ...
Los Angeles Business Journal4d
Fire Victims Ask for Aid
When the Palisades and Eaton fires struck homes on the west and east sides of Los Angeles County, the residents mobilized in ...