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California reconsiders State Farm rate hike

Santa Rosa Press Democrat · 1d

California insurance commissioner meets privately with State Farm, hopes to make rate hike decision within 2 weeks

Ricardo Lara said he will look at information provided by State Farm before revisiting his previous decision to reject the company’s emergency rate hike.

Hosted on MSN · 16h

State Farm’s CEO for California discusses financial turmoil in unprecedented transcript

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 may drop even more policies across the state.

insurancebusinessmag · 13h

State Farm threatens to drop more policies if California's Lara rejects rate hike

State Farm executives made it clear that if the California Department of Insurance does not approve the increases, the insurer may move forward with dropping even more policies, reducing coverage across the state.

2don MSN

State Farm says LA wildfire losses total $7.6 billion

State Farm General said it will pay $7.6 billion to settle claims from last month’s firestorms in the Los Angeles area.

NBC Los Angeles on MSN1d

State Farm estimates $7.6 billion in LA wildfire losses, continues seeking interim rate request

State Farm Insurance Group said this week that it has paid out $1.75 billion on approximately 9,500 claims filed as a result ...

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