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.
State Farm submitted a request for an emergency interim rate, which would have increased costs by 22% for some homeowners.
In the wake of the Los Angeles wildfires, State Farm asked for an “emergency” premium increase of 22% on average for ...
After massive payouts from L.A. fires, California's largest insurer faces tough questions about its 22% premium increase ...
Insurance Commissioner Ricardo Lara on Monday rejected State Farm General's request for an emergency 22% home insurance rate ...
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