Insurance Commissioner Lara adopts judge's ruling on State Farm emergency rate increase

State Insurance Commissioner fires back over State Farm rate increase approvals

The day after he adopted a judge's ruling allowing State Farm to raise rates for homeowners insurance in California by 17%, renters by 15% , and rentalhome owne

CA Approves 17% "Pay Raise" For Insurance Company After LA Fires

Insurance Commissioner Ricardo Lara adopted a judge’s ruling to grant State Farm a 17% "emergency" rate increase. I guess the millionaires that run State Farm are having a hard time.

Insurance Commissioner Lara adopts judge's ruling on State Farm emergency rate increase

The ruling follows a three-day hearing conducted by an administrative law judge, who found that State Farm is experiencing significant financial distress.

CA Approves 17% “Pay Raise” For Insurance Company After LA Fires

Insurance Commissioner Ricardo Lara adopted a judge’s ruling to grant State Farm a 17% “emergency” rate increase. I guess the millionaires that run State Farm are having a hard time. Poor fellas. Judge Karl Frederic Seligman recommended the hike while considering a larger request from last year. Lara said State Farm must now justify its... The post CA Approves 17% “Pay Raise” For Insurance Company After LA Fires appeared first on Daily Truth Rep…

California State Farm Rate Ruling | Property Insurance Coverage Law Blog

A California Administrative Law Judge issued a decision approving a stipulation between State Farm General Insurance Company and the California Department of Insurance that allows significant interim rate increases for three of the company’s major lines of residential insurance. 1 These increases include a 17 percent hike for homeowners non-tenant HO-3 policies, 15 percent for … The post A Critical Look at the California State Farm Rate Ruling: …

Commissioner Lara Approves Unjustified $749 Million State Farm Home Insurance Rate Hike

UPDATED 1:40PM Los Angeles, CA – A proposed decision recommending approval of State Farm General’s request for an interim rate hike was issued by an Administrative Law Judge yesterday and approved today by Insurance Commissioner Ricardo Lara. The settlement imposes a 17% rate increase for homeowners, 15% increase for renters and condo owners, and a 38% […] The post Commissioner Lara Approves Unjustified $749 Million State Farm Home Insurance Rat…