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Insurance department investigates State Farm over Los Angeles fire survivors’ smoke damage claims as insurer awaits approval of rate increase.
Insurance Commissioner Ricardo Lara adopted an administrative law judge's recommendation Tuesday and granted State Farm ...
ALPINE, Calif. (KGTV) — State Farm customers across California are preparing for a drastic rate hike that takes effect on ...
A State Farm executive has been fired after he was secretly recorded alleging that the insurance company hiked rates for California homeowners reeling from the devastating Los Angeles wildfires.
During a Feb. 26 meeting at the Department of Insurance's Oakland office, State Farm told the commissioner it would be able to cover thousands of claims from the deadly wildfires in January which ...
State Farm seeks to increase California home insurance rates by 30 percent, following an approved emergency 17 percent ...
Also see: State Farm Says LA wildfire losses total $7.6 billion ... He also acknowledged that wildfires in these areas are not surprising to insurance professionals. “Climate change is pushing ...
18don MSN
State Farm has argued the emergency rate hikes are necessary to help the company avoid a “dire” financial crisis that could force them to drop more California policies.
State Farm secured the expedited rate hike after asserting it was in financial distress and expected $7.6 billion in claims ...
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