State Farm wins first-ever emergency rate hike in California

California approves State Farm rate hike following LA wildfires

In the aftermath of destructive wildfires across Los Angeles, California, regulators have given State Farm the green light to temporarily raise insurance rates across multiple policy types, including a 17% rate hike for homeowners. The California Department of Insurance announced Tuesday, May 13, that the increase would take effect immediately and remain in place at least until a formal hearing later this year. The approval also allows State Far…

California approves State Farm's request for double-digit insurance rate hike

The state of California approved State Farm's request for a double-digit increase in home insurance premiums to help the insurer deal with financial challenges following the wildfires that devastated communities near Los Angeles in January.California Insurance Commissioner Ricardo Lara on Tuesday adopted a proposed court order that will allow State Farm to move ahead with a 17% interim homeowners insurance rate increase in the state. That's less…

Triple-I/Milliman: U.S. P/C Insurance Reports Best Underwriting Results Since 2013, But California Wildfire Losses and Potential Economic Impacts of Tariffs Pose Challenges

MALVERN, Pa.--(BUSINESS WIRE)--May 15, 2025-

State Farm Approved for Major Rate Hike - Legal Reader

State Farm Approved for Major Rate Hike

California Approves State Farm’s 17 Percent Rate Increase Amid Insurance Crisis

California homeowners hoping to get a break on their home insurance premiums any time soon might be waiting a while longer. State Insurance Commissioner Ricardo Lara announced on May 13 that an administrative law judge issued a preliminary order to approve a 17 percent rate increase for State Farm’s homeowner insurance customers. The approved rate increase is lower than the 22 percent emergency rate increase requested by the company in March, wh…

Homeowners brace for emergency insurance rate increase | News Channel 3-12

SANTA BARBARA, Calif.-In the wake of the LA fires insurance rates are going up. California just approved State Farm's 17 percent temporary increase on home insurance premiums. The rate hike will begin in June and impact about a million customers. But it is lower than the 21.8 percent State Farm had requested. California's Insurance Commissioner Ricardo Lara adopted the plan Tuesday, following a judge's ruling on Monday. He also approved a cash i…