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Insurance expert breaks down State Farm's rate hike request hearing in California and what's next
Insurance industry expert Karl Susman answers questions regarding the three-day State Farm hearing that wrapped up in Northern California this week. The insurance company is asking for an immediate rate increase,
State Farm agrees to reduce proposed interim rate increase for California homeowners
State Farm General has agreed to reduce its proposed interim rate increase for homeowners insurance in California from 21.8% to 17%, according to a report from AM Best, citing testimony during a California Department of Insurance (CDI) hearing.
California insurance regulators have provisionally approved State Farm’s request for a steep rate hike for homeowners following the devasting Los Angeles wildfires. On Friday, Insurance ...
When asked if State Farm's proposed rate increase for California is justified, Democratic Senator Adam Schiff told CBS News, "I would like to leave that to the state legislative committee ...
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 ...
STATE FARM ASKS CALIFORNIA TO APPROVE RATE HIKES AFTER WILDFIRE A State Farm executive was fired over comments he made about rate hikes on an undercover recording. (Axelle/Bauer-Griffin/GC ...
This story was originally published by CalMatters. Sign up for their newsletters. California Insurance Commissioner Ricardo Lara said Friday he will grant State Farm’s request to raise home ...
SACRAMENTO, Calif. — California Insurance Commissioner Ricardo Lara said today he will grant State Farm’s request to raise home insurance premiums by 22% on average if the company agrees to ...
STATE FARM MADE ITS CASE TODAY TO RAISE HOMEOWNERS INSURANCE RATES, 22% FOR ABOUT A MILLION CALIFORNIA CUSTOMERS. THE STATE’S INSURANCE COMMISSIONER, RICARDO LARA, HEARD THE ARGUMENT.
California Insurance Commissioner Ricardo Lara said he would approve State Farm’s emergency 22% rate increase to offset claims from January’s firestorms in the Los Angeles area if the insurer ...
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