As California’s insurance commission, Lara granted State Farm the ability to raise rates on a temporary emergency basis ...

Giulia Carbonaro is a Newsweek reporter based in London, U.K. Her focus is on the U.S. economy, housing market, property insurance market, local and national politics. She has previously ...

In making the ruling, Judge Karl Fredric J. Seligman labeled the emergency interim rate increase request as “highly unusual.” State Farm asked on Feb. 3 for a nearly 22% emergency rate ...

Insurance Commissioner Ricardo Lara adopted an administrative law judge’s ruling Tuesday and granted State Farm General an emergency 17% hike in its homeowner rates. The commissioner’s ...

Photo by Jules Hotz for CalMatters State Farm can raise homeowner and other rates starting next month, becoming the first insurance company to win approval to do so on an emergency interim basis ...

Commissioner Ricardo Lara on Tuesday cited a decision by a Department of Insurance administrative law judge that blessed a 17 ...

Pending a complete hearing, the order approves a 17% interim rate increase for homeowners, 15% for renters and condominium ...

State Farm has gotten approval to raise insurance rates for homeowners starting in June. The "emergency" rate hike was approved as customers continue to feel the devastating wildfires' lasting impact.

(Bloomberg) -- State Farm has been approved for an emergency 17% rate increase on homeowner insurance policies in California, part of an effort to shore up the state’s largest insurer after the ...

Jan. 20, 2025. Photo by Jules Hotz for CalMatters State Farm can raise homeowner and other rates starting next month, becoming the first insurance company to win approval to do so on an emergency ...