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CA insurance boss not present at hearing as State Farm makes case to raise insurance rates up to 38%
Michael Soller, the Deputy Commissioner of Communications for the Department of Insurance, says by law, Commissioner Ricardo ...
State Farm General Insurance Co. said it needs the jolt of money to buoy its finances following years of losses and the fires ...
State Farm, already seeking an emergency 22% rate hike for its basic homeowners insurance, is now asking to raise the price ...
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Audacy on MSNState Farm officials to justify 22% rate increase during hearingThe California Department of Insurance will hold a meeting Tuesday over a request by State Farm for a $900-million rate hike.
This story was originally published . Sign up for their newsletters. By Levi Sumagaysay, CalMatters State Farm could soon win ...
The decision from this meeting will impact policyholders everywhere but particularly those who live in fire country — like ...
During State Farm's last meeting with the commissioner, the company says it can cover claims from the LA fires, but deemed ...
The hearing into whether State Farm General can implement a major rate hike to restore its financial stability is finished — ...
State Farm argues it needs additional funds to boost capital and avert an increasingly dire financial situation following the ...
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FOX 11 Los Angeles on MSNState Farm requests emergency rate hike for CaliforniansDuring the hearing, State Farm was required to justify with data why the drastic $921 million rate hike is necessary. "The ...
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KFI AM 640 on MSNState Farm Seeks 38% Rate Hike in CaliforniaState Farm seeks a 38% rate hike in California due to wildfire losses. A public hearing was held, with final approval pending ...
State Farm has said the rate increase is needed following the Los Angeles wildfires that destroyed more than 16,000 ...
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