In the wake of the Los Angeles fires, State Farm asked for an "emergency" premium increase of 22% on average for California homeowners. Lara today denied the request pending more information.
Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.
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Hosted on MSNState Farm's request for 22% rate hike raises 'serious questions,' state commissioner saysAfter State Farm filed a request for a 22% rate hike for homeowner policies, Insurance Commissioner Ricardo Lara requested a meeting with the company so they can explain their need for such an ...
State Farm submitted a request for an emergency interim rate, which would have increased costs by 22% for some homeowners.
The California insurance commissioner on Friday rejected State Farm's request for a temporary 22% rate hike for homeowner ...
State Farm wants CA's Insurance Commissioner to approve an emergency 22% increase on homeowners insurance. The commissioner says no, for now. He needs more info.
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