Browsing: California insurance

California Insurance Commissioner Ricardo Lara has approved State Farm’s emergency rate hike request following devastating wildfires

California’s insurance commissioner, Ricardo Lara, has approved a 17% emergency rate hike for State Farm homeowners insurance customers following the devastating Los Angeles wildfires.

Insurance Commissioner Ricardo Lara probes State Farm’s handling of smoke damage claims from LA-area fires as the company awaits approval for a rate increase.

California’s largest insurer requests immediate rate increases citing $7 billion in expected claims from LA County fires

California Insurance Commissioner Ricardo Lara addressed concerns about the state’s insurance market during a recent Assembly committee hearing, defending his trip to Bermuda for meetings with reinsurers.

Florida’s insurance market stabilized after reforms. Now, the state must avoid California’s path of overregulation.