insurancebusinessmag8h
State Farm mulling options after Lara rejects emergency rate hike request
In a Feb. 14 letter, Lara informed State Farm that the company had not met the burden of proof required for emergency ...
LA Times Today: L.A. wildfires up the pressure on California’s insurance commissioner over industry ties
When State Farm insurance wanted an emergency rate hike of 22 percent after the wildfires, state insurance commissioner ...
Santa Monica Daily Press6h
Big homeowner rate hike from State Farm shot down by California regulator
By Levi Sumagaysay CalMatters California Insurance Commissioner Ricardo Lara recently rejected State Farm’s request for “emergency” rate increases, setting up what could be a highly consequential ...
California Insurance Rates to Rise for More Than 600,000 Residents
California homeowners with Mercury General and Safeco policies are going to see their premiums increase this year.
Red Bluff Daily News18h
LA wildfires intensify political jousting over home insurance premiums
The insurance commissioner must, of course, protect the interests of consumers, but one of those interests is a healthy insurance market, and a parallel duty is making insurance profitable enough ...
Nearly three years in, state closes probe of top insurance regulator due to insufficient evidence
Ricardo Lara was the subject of an FPPC complaint filed in 2022 by Consumer Watchdog, a Los Angeles advocacy group that has ...
The San Bernardino Sun15h
Allstate boosts losses from L.A. County wildfires to $2.4 billion
The new estimate is nearly $500 million higher than the $2 billion the Northbrook, Ill.-based insurer projected earlier this month.
Cheddar8h
Big Business This Week: Guess Who’s Back? Inflation!
President Trump said so! Plus, delivery app duels, Southwest's executive nosedive, and the truth behind Truth Social.