Insurance Commissioner Ricardo Lara on Monday rejected State Farm General's request for an emergency 22% home insurance rate ...

State Farm wanted to hike California home insurances rates 22% but the state insurance commissioner blocked the plans ...

Executives for State Farm General Insurance Company, the firm’s California arm, asked Lara for a 22% price increase on Feb. 3. They told the commissioner their business “needs your urgent assistance ...

How often the company has used the policy to deny claims is not known. State Farm, which has traditionally been the largest home insurer in California, does not make its claims data publicly ...

The rate hike could work out to an average increase of 22% for California homeowners ... this new ask from State Farm comes after his policy renewal. Even with a firewise community discount ...

State Farm was previously granted a $471 million—20 percent—rate hike that took effect in March 2024. The insurance firm also canceled hundreds of homeowners' policies last summer in Pacific ...

State Farm, the largest insurance company in California, has asked state regulators to immediately approve a steep rate hike for homeowners to prevent a “dire situation” for its customers and ...

State Farm is urging the California Department of ... rate increase to help avert a "dire situation" for the 1 million homeowners it serves in the state. The rate increase would help the company ...

State Farm Bank is an online financial institution that offers a variety of banking products and services. It’s a subsidiary of State Farm Mutual Automobile Insurance Company and is ...

State Farm faced backlash at the height of the wildfires over a March 2024 announcement that it would discontinue coverage of 72,000 home and apartment policies in the summer. In March 2024 ...

State Farm General, California’s largest ... barred insurance companies from not renewing or canceling homeowners insurance policies in wildfire-affected zip codes. CNN’s Stephanie Becker ...