Commissioner Ricardo Lara Lara wants the insurance giant to present evidence justifying the increase at a public hearing ...

California's top insurance regulator says he will approve an emergency request from State Farm to raise home insurance rates ...

Lara attended the Bermuda Risk Summit, an event in the Caribbean that is held by members of the insurance and reinsurance ...

It’s unclear how much premiums could go up in the Bay Area or which parts of the region would see the largest rate hikes.

California’s insurance commissioner said his approval was conditioned on State Farm justifying its need for the increase by ...

Here’s how the moratorium works: If your insurance policy was active when a wildfire emergency was declared in your area, ...

California insurance regulators have "provisionally" approved State Farm's request for a steep rate hike for homeowners following the devasting Los Angeles wildfires. On Friday, Insurance Commissioner ...

If State Farm is successful at proving its need for rate hikes at next month’s hearing, its interim rates will climb on June ...

Insurance payouts for the January 2025 LA wildfires now exceed $12B, with claims still rising. Major insurers and reinsurers ...

California Insurance Commissioner Ricardo Lara said today he will grant State Farm’s request to raise home insurance premiums by 22% on average if the company agrees to certain conditions — and wins ...