Ricardo Lara’s no-win on State Farm
WOULDN’T WANNA BE YA: Insurance Commissioner Ricardo Lara is about to have to bite the bullet. After first hitting pause on ...
The Cool Down on MSN8d
California official makes $1 billion request in wake of wildfires — here's why the funds are needed
"The FAIR Plan paid out $914 million." California official makes $1 billion request in wake of wildfires — here's why the ...
LAist on MSN1d
Climate politics and insurance intertwine, giving California official a no-win choice on State Farm
For Insurance Commissioner Ricardo Lara, approving an emergency 22% rate hike request by State Farm would raise bills for ...
Westside Current on MSN4d
More Insurers Paying Wildfire Survivors Without Requiring Detailed Inventory
More insurance companies are now paying wildfire survivors' contents coverage without requiring a detailed inventory, ...
California insurance commissioner meets with State Farm about emergency rate hike
California’s insurance commissioner met with representatives for State Farm Wednesday in Oakland to talk about why the ...
California insurance chief says he’s near ‘solution’ on State Farm rate hike
State Farm executives said at the meeting that it needs a 22% emergency rate hike in California to cover more than $7.9 ...
Hosted on MSN12d
Thousands of LA Wildfire Victims Get New Insurance Boost
Thousands of Los Angeles residents affected by the Hughes Fire have received an insurance boost after California insurance ...
The Press Democrat11d
California insurance commissioner meets privately with State Farm, hopes to make rate hike decision within 2 weeks
Ricardo Lara said he will look at information provided by State Farm before revisiting his previous decision to reject the ...
NBC Los Angeles on MSN12d
State Farm estimates $7.6 billion in LA wildfire losses, continues seeking interim rate request
State Farm Insurance Group said this week that it has paid out $1.75 billion on approximately 9,500 claims filed as a result ...
The Press Democrat13d
California to consider State Farm emergency rate increase request
Commissioner Ricardo Lara had asked for the meeting in which he and Consumer Watchdog will sit down with State Farm reps in ...
State Farm’s CEO for California discusses financial turmoil in unprecedented transcript
State Farm has given Insurance Commissioner Ricardo Lara a stark choice: approve a rate increase consumer advocates say amounts to $600 per household, or run the risk that California’s largest insurer ...