California, State Farm

State Farm executive fired over comments on premium hikes after California wildfires
A State Farm executive was fired over an undercover video of comments he made about the insurer's California rate hike request in the wake of the devastating Los Angeles area wildfires.
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 billion in losses. Lara initially rejected the request, saying in a Friday, Feb. 14, letter to State Farm executives that he needed more information before he can approve an increase.
California's insurance commission denies State Farm's rate increase request
California’s insurance commission has turned down State Farm’s request to increase its rates, at least for now.
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 company has requested an emergency rate hike following the Los Angeles County wildfires.
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 Oakland.
State Farm fires executive who discussed prospect of more California nonrenewals in undercover video
A State Farm executive has been fired after an undercover video of him discussing the company’s request for insurance rate hikes in California and appearing to denigrate residents of fire-devastated Pacific Palisades circulated online.
Secret video: State Farm exec appears to confess to manipulating California insurance rate hikes
The video appears to have been recorded sometime after the Southern California wildfires, and references the Palisades Fire in particular.
Insurance Business America18h
State Farm tells Lara that it "doesn't make sense" to issue new policies in California
With Lara expected to issue a decision on State Farm’s request imminently, homeowners, insurers, and policymakers are bracing ...
State Farm faces more than $600M in losses from LA wildfires
Insurer estimates $7.6 billion to settle its wildfire claims, mostly paid by reinsurance provided by its parent company.
Santa Cruz Sentinel25d
California regulators reject — for now — State Farm’s emergency rate hike request
California insurance regulators ... more than $1 billion in losses in the blazes in Southern California. “The burden is on State Farm to show why this is needed now,” said Insurance ...
Press-Telegram12d
California reconsiders State Farm rate hike as insurer’s losses rise
State Farm’s financial solvency has grown so precarious following the Los Angeles fires that insurance regulators in California and Illinois have held “multiple conversations” about how the ...
kcra.com26d
California Insurance Commissioner demands more answers from State Farm on proposed rate hike
AND MY MIND WENT BLANK FOR JENNIFER MCKIM HIBBARD, IT’S IMPOSSIBLE NOT TO FEEL DEEPLY FOR THE PEOPLE IMPACTED BY THE DEVASTATING FIRES BURNING IN SOUTHERN CALIFORNIA. IT JUST BRINGS BACK MEMORIES.