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In an exclusive interview with CBS News California Investigates, the California Insurance Commissioner announced a formal Market Conduct Examination of State Farm.
During the recent hearing in California and in the process that ensued, State Farm was forced to make some concessions — lowering the rate hike to 17 percent, from nearly 22 percent, as well as ...
California on Tuesday approved a 17% emergency rate hike for State Farm after the state’s largest insurer made an emergency request following January wildfires that devastated two Los Angeles ...
State Farm can soon start raising premiums by 17% for its California home insurance customers. State Insurance Commissioner Ricardo Lara approved the rate hike Tuesday.
State Farm is one of the insurers under pressure for backing out of the California home insurance market. Even though the ...
A recent administrative law judge’s decision paved the way for State Farm to significantly increase homeowners’ insurance rates in California — the state’s first-ever emergency rate hike — ...
Ricardo Lara, California’s Insurance Commissioner, announced a formal investigation into State Farm on Thursday, as complaints continue to mount about the insurer’s handling of claims from the ...
California's state insurance commissioner announced an investigation into State Farm over its handling of the thousands of insurance claims from survivors of the Southern California wildfires.
State Farm General, the company’s California-only subsidiary, had issued multiple warnings about its solvency. S&P Global Ratings recently downgraded the insurer’s credit rating , signaling ...