California reconsiders State Farm rate hike as insurer’s losses rise
State Farm General requested a 22% emergency rate hike in California to cover losses from the Los Angeles County wildfires and stop its “financial deterioration.” Lara declined the request, and asked that Krause and other company officials to meet with him to answer questions about why higher rates were needed.
The devastation caused by the twin blazes has raised fresh questions about whether the state — and its top insurance ...
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California Bill Could Force Insurers to Change Payout PoliciesA bill sponsored by California Insurance Commissioner Ricardo Lara and state Senator Ben Allen is ... The wildfires ...
California Governor proposed a $125 million mortgage relief program to assist homeowners at risk of foreclosure or whose ...
Residents had to pay cash to retrieve their vehicles often towed to locations miles away, Los Angeles County officials ...
The rate hikes, according to the insurers, were necessary to address the higher costs they are facing as natural disasters ...
State Farm Insurance Group said this week that it has paid out $1.75 billion on approximately 9,500 claims filed as a result ...
In Del Norte County, starting Thursday, teenagers in trouble will be held accountable by a true jury of their peers. Teen ...
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