State Farm's emergency California rate hike denied

Insurance commissioner rejects State Farm’s request for 22% emergency rate hike
Insurance Commissioner Ricardo Lara on Monday rejected State Farm General's request for an emergency 22% home insurance rate hike due to the Los Angeles fires unless the insurer can provide more evidence it is warranted.
Big Homeowner Rate Hike From State Farm Shot Down by California Regulator
California Insurance Commissioner Ricardo Lara on Friday rejected State Farm’s request for “emergency” rate increases that would have averaged 22% for homeowners.
State Farm asks for approval to increase California home insurance rates by an average of 22%
Citing the "dire" financial situation they're facing after the Los Angeles wildfires, State Farm General has asked California officials for an emergency interim rate increase. The rate hike could work out to an average increase of 22% for California homeowners, State Farm General revealed Monday.
State Farm must wait on emergency home insurance rate increase bid after California wildfires
Insurance Commissioner Ricardo Lara said State Farm must answer more questions about its finances before the company can be approved for an emergency rate increase in response to the devastating fires in the Los Angeles area.
California rejects State Farm's request for 22% rate hike
The California insurance commissioner on Friday rejected State Farm's request for a temporary 22% rate hike for homeowner policies, as the company deals with claims from the Southern California wildfires.
State Farm's emergency California rate hike denied as insurance official demands proof of need
In a rebuke to the state’s largest insurance company, California Insurance Commissioner Ricardo Lara announced Friday he will not grant State Farm General’s request for an emergency rate hike in the wake of the Los Angeles wildfires.

California, Bail Out

Investor's Business Daily on MSN11h
Home Insurance Stocks Face Big Losses From California Fires. But Investors' Fears Could Be Overblown.
Fire and hurricane losses cast a shadow over insurance stocks. But a deep dive shows several positives lining up for the industry.
Home Insurance Stocks Face Big Losses From California Fires. Will Investors Foot The Bill?
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California faces insurance crisis as homeowners lose coverage amid extreme weather
Before thousands lost their homes in the recent Los Angeles wildfires, many had lost their insurance. Some residents found ...
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Strong storytelling highlights the real stakes of California’s insurance crisis
AP reporters Sally Ho and Tran Nguyen uncovered how California’s wildfire crisis is deepening inequality in the state’s ...
State insurance regulations limit options available to homeowners
Re “Home insurance was already hard to get. Then came L.A.’s fires.” (Jan. 19): Having trouble getting fire insurance? We can ...
Understanding your home insurance policies
As thousands of homeowners are scrambling to repair damage from the Southern California wildfires, others here in the Bay area are dealing with wind damage and flooding from recent storms. Let's see ...
CA Insurance Commissioner rejects State Farm’s emergency 22% rate hike request – for now
State Farm wants CA's Insurance Commissioner to approve an emergency 22% increase on homeowners insurance. The commissioner says no, for now. He needs more info.