State insurance regulators have unveiled a new plan to stabilize the home insurance market by pushing insurers to expand ...
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.
California’s insurance commissioner said his approval was conditioned on State Farm justifying its need for the increase by ...
The insurer, which has about 1 million home policies in the state, said the emergency rate would help it rebuild capital ...
Here’s how the moratorium works: If your insurance policy was active when a wildfire emergency was declared in your area, ...
California Insurance Commissioner Ricardo Lara said he plans to approve a 22% emergency rate increase for State Farm ...
If State Farm is successful at proving its need for rate hikes at next month’s hearing, its interim rates will climb on June ...
California Insurance Commissioner Ricardo Lara "provisionally'' approved State Farm General's request for an emergency 22% ...
State Farm proposed the hike, which will raise the average homeowner's insurance costs by $600 per year, as a result of the costs incurred by the Los Angeles wildfires earlier this year.
State Farm has been given the green light to increase home insurance premiums by 22%, as long as the company can prove that ...
State Farm asked for a 21.8% increase for homeowner coverage and 15% for renters and condominium policies, according to an order from the department. State Farm also asked for a 38% increase for ...
Commissioner Ricardo Lara Lara wants the insurance giant to present evidence justifying the increase at a public hearing ...
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