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 ...

State Farm justified its rate hike by claiming it is paying out $1.26 in claims for every dollar it collects in premiums, resulting in the loss of $5 billion in the last nine years.

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

State insurance regulators have unveiled a new plan to stabilize the home insurance market by pushing insurers to expand ...

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 Commissioner Ricardo Lara said he plans to approve a 22% emergency rate increase for State Farm ...