Insurer estimates $7.6 billion to settle its wildfire claims, mostly paid by reinsurance provided by its parent company.

State Farm General said it will pay $7.6 billion to settle claims from last month’s firestorms in the Los Angeles area.

The horrendously destructive and deadly Los Angeles wildfires erupted in January just as Insurance Commissioner Ricardo Lara's historical and very controversial overhaul of how insurers calculate ...

Insurance Commissioner Ricardo Lara has been grappling with the troubled market for his six years in office, and now his ...

"The FAIR Plan paid out $914 million." California official makes $1 billion request in wake of wildfires — here's why the ...

Commissioner Ricardo Lara had asked for the meeting in which he and Consumer Watchdog will sit down with State Farm reps in ...

Ricardo Lara said he will look at information from State Farm om the California home insurance market before revisiting ...

Earlier this month, State Farm — the state’s largest home insurance provider — asked the California Department of Insurance ...

Let us know State Insurance Commissioner Ricardo Lara has turned down a request by State Farm General to raise home insurance rates by an average of 22 percent because of the Los Angeles wildfires.

"If State Farm were truly in crisis, it had ample time to act with urgency," said Pamela Pressley, Senior Staff Attorney at Consumer Watchdog. "Instead, it stalled, then declared an emergency at the ...

In the wake of last month’s Los Angeles fires, California Insurance Commissioner Ricardo Lara rejected State Farm’s “emergency” premium increase of 22% on average for California homeowners ...

Farmers Insurance said claims from the Los Angeles fires will cost it at least $600 million, a substantially smaller initial ...