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.
In a letter to the insurer, Lara said under Proposition 103, State Farm has the burden of explaining why the rate hike is ...
Commissioner Ricardo Lara scheduled a meeting with State Farm to hear their justification for the rate increase.
5hon MSN
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 ...
State Farm is requesting a 22% rate increase for California homeowners, citing $1 billion in recent claims and mounting ...
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