California reconsiders State Farm rate hike

California reconsiders State Farm rate hike as insurer’s losses rise
As we enter the fire season, it’s in jeopardy,” CFO Mark Schwamberger said of the state’s largest policyholder.
California insurance regulators urge State Farm to expand coverage in exchange for rate hikes
Earlier this month, State Farm — the state’s largest home insurance provider — asked the California Department of Insurance to approve statewide rate increases averaging 22% for homeowners. It also requested a 15% increase for renters and condo owners and a 33% hike for rental owners.
California Gives State Farm Insurance Ultimatum
California's insurance commissioner met with State Farm executives Wednesday to discuss the emergency request for a rate hike.
California to consider State Farm emergency rate increase request
Commissioner Ricardo Lara had asked for the meeting in which he and Consumer Watchdog will sit down with State Farm reps in Oakland.
California insurance commissioner meets with State Farm about emergency rate hike
California’s insurance commissioner met with representatives for State Farm Wednesday in Oakland to talk about why the company has requested an emergency rate hike following the Los Angeles County wildfires.
State Farm’s CEO just met with California’s top insurance official. Here’s exactly what they said
State Farm has given Insurance Commissioner Ricardo Lara a stark choice: approve a rate increase consumer advocates say amount to $600 per household, or run the risk that California’s largest insurer may drop even more policies across the state.
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State Farm faces more than $600M in losses from LA wildfires
Insurer estimates $7.6 billion to settle its wildfire claims, mostly paid by reinsurance provided by its parent company.