California's top insurance regulator says he will approve an emergency request from State Farm to raise home insurance rates ...
The approval comes months after devastating wildfires, and will add an average $600 a year to homeowners’ bills.
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.
State Farm General had filed for an 22% rate hike for its homeowner policies, citing the wildfires and a £3.86 billion drop ...
If State Farm is successful at proving its need for rate hikes at next month’s hearing, its interim rates will climb on June ...
State Farm says the steep hike on homeowners is necessary to shore up its cash reserves in the event of another catastrophe.
California Insurance Commissioner Ricardo Lara announced Friday he has "provisionally" approved State Farm's rate hike of 22% ...
A State Farm executive was fired over an undercover video of comments he made about the insurer's California rate hike ...
California Insurance Commissioner Ricardo Lara has provisionally accepted State Farm General’s request for an emergency 22% rate hike. State Farm, the state’s largest home insurer, made this ...
California Insurance Commissioner Ricardo Lara said he plans to approve a 22% emergency rate increase for State Farm ...
State Farm made its request following years of losses and huge damage claims it has received following the Jan. 7 fires.
State Farm has been given the green light to increase home insurance premiums by 22%, as long as the company can prove that ...