California reconsiders State Farm rate hike

California insurance commissioner meets privately with State Farm, hopes to make rate hike decision within 2 weeks
Ricardo Lara said he will look at information provided by State Farm before revisiting his previous decision to reject the company’s emergency rate hike.
State Farm’s CEO for California discusses financial turmoil in unprecedented transcript
State Farm has given Insurance Commissioner Ricardo Lara a stark choice: approve a rate increase consumer advocates say amounts to $600 per household, or run the risk that California’s largest insurer may drop even more policies across the state.
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.
Homeowners in California Face Coverage Cuts as Insurance Rates Surge
As insurance companies scale back operations, reduce coverage, or raise premiums, many Californians are searching for answers. On
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 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 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.
The Cool Down on MSN18h
California official makes $1 billion request in wake of wildfires — here's why the funds are needed
"The FAIR Plan paid out $914 million." California official makes $1 billion request in wake of wildfires — here's why the ...
L.A. wildfires up the pressure on California’s insurance commissioner over industry ties
The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance ...
Price controls on California home insurance scrutinized after Los Angeles fires
Depending on the Californian talking, price controls are the angel or the devil in the debate about the Golden State’s ...
California Bill Could Force Insurers to Change Payout Policies
Proposed legislation could force insurers in California to pay 100 percent of the coverage for belongings inside homes ...
SCV News3d
Insurance Protections Granted for Hughes Fire Homeowners
In response to advocacy from Assemblywoman Pilar Schiavo’s office, yesterday California Insurance Commissioner Ricardo Lara ...
JD Supra3d
Moratorium to Protect Wildfire Survivors from Insurance Cancellations and Non-Renewals
California Insurance Commissioner Ricardo Lara issued a bulletin expanding the previously announced one-year moratorium preventing homeowners insurance cancellations and non-renewals to those affected ...
Oxnard man suspected of murder in death of Meiners Oaks woman
An Oxnard man has been arrested on suspicion of murder in the death of a Meiners Oaks woman, sheriff's officials said Sunday.
Ojai Valley News1d
Arrest made in Meiners Oaks homicide
The Ventura County Sheriff's Office has reported that Oxnard resident Ricardo Ortega was arrested on Saturday, March 1 on ...