California’s insurance commissioner denied State Farm’s request for a 22% rate hike to cover fire losses. But when the fires broke out, the state’s biggest home insurer was already waiting on an ...
With California dealing with a home insurance crisis, insurance providers say if they can't raise rates, everyone loses.
California regulators approved rate hikes for 660,000 customers across two major insurers due to the increasing costs from ...
California homeowners with Mercury General and Safeco policies are going to see their premiums increase this year.
When State Farm insurance wanted an emergency rate hike of 22 percent after the wildfires, state insurance commissioner ...
California Insurance Commissioner Ricardo Lara recently rejected State Farm’s request for “emergency” rate increases, setting ...
In a Feb. 14 letter, Lara informed State Farm that the company had not met the burden of proof required for emergency ...
The new estimate is nearly $500 million higher than the $2 billion the Northbrook, Ill.-based insurer projected earlier this month.
The horrendously destructive and deadly Los Angeles wildfires erupted in January just as Insurance Commissioner Ricardo ...
The insurance commissioner must, of course, protect the interests of consumers, but one of those interests is a healthy ...
The inevitable result of a fracturing private insurance market will be the socialization of disaster losses, as seen in ...