As we enter the fire season, it’s in jeopardy,” CFO Mark Schwamberger said of the state’s largest policyholder.
State Farm executives made it clear that if the California Department of Insurance does not approve the increases, the ...
As insurance companies scale back operations, reduce coverage, or raise premiums, many Californians are searching for answers ...
State Farm has given Insurance Commissioner Ricardo Lara a stark choice: approve a rate increase consumer advocates say amounts to $600 per household, or run the risk that California’s largest insurer ...
It wants to bypass the rate hearing that would normally be required, saying it has been waiting for the Insurance Department to approve rate increases it requested last year, and that payouts from the ...
California Insurance Commissioner Ricardo Lara issued a bulletin expanding the previously announced one-year moratorium preventing homeowners insurance cancellations and non-renewals to those affected ...
Earlier this month, State Farm — the state’s largest home insurance provider — asked the California Department of Insurance ...
Insurance Commissioner Ricardo Lara had asked for the meeting in which he and Consumer Watchdog will sit down with State Farm ...
Ricardo Lara said he will look at information provided by State Farm before revisiting his previous decision to reject the ...
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