California Insurance Commissioner Ricardo Lara said Friday he will grant State Farm’s request to raise home insurance ...
California Insurance Commissioner Ricardo Lara said Friday that he will grant State Farm’s request to raise home insurance ...
3don MSN
California’s top insurance regulator says he will approve an emergency request from State Farm to raise home insurance rates ...
The approval comes months after devastating wildfires, and will add an average $600 a year to homeowners’ bills.
California Insurance Commissioner Ricardo Lara said Friday he will grant State Farm’s request to raise home insurance ...
State Farm says the steep hike on homeowners is necessary to shore up its cash reserves in the event of another catastrophe.
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As we enter the fire season, it’s in jeopardy,” CFO Mark Schwamberger said of the state’s largest policyholder.
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State Farm wants to raise its rates by about 22% for California homeowners, which would affect about one million people.
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