Nearly three years in, state closes probe of top insurance regulator due to insufficient evidence
Ricardo Lara was the subject of an FPPC complaint filed in 2022 by Consumer Watchdog, a Los Angeles advocacy group that has ...
Santa Monica Daily Press11h
Big homeowner rate hike from State Farm shot down by California regulator
California Insurance Commissioner Ricardo Lara recently rejected State Farm’s request for “emergency” rate increases, setting ...
insurancebusinessmag15h
State Farm mulling options after Lara rejects emergency rate hike request
In a Feb. 14 letter, Lara informed State Farm that the company had not met the burden of proof required for emergency ...
LA Times Today: L.A. wildfires up the pressure on California’s insurance commissioner over industry ties
When State Farm insurance wanted an emergency rate hike of 22 percent after the wildfires, state insurance commissioner ...
autobodynews8h
California Officials Warn of Tow Truck Scam Targeting Crash Victims
An organized ring in the Inland Empire is accused of towing vehicles to a body shop and demanding excessive fees for release.
California Insurance Rates to Rise for More Than 600,000 Residents
California homeowners with Mercury General and Safeco policies are going to see their premiums increase this year.
These L.A. homeowners had coverage for fire. But not for the toxins left behind.
Clashes over covering smoke damage have become a growing issue in recent years as wildfires intensify and home insurance ...
California Wildfires Hit State Farm Hard. But the Insurer Was Already Struggling.
California’s insurance commissioner denied State Farm’s request for a 22% rate hike to cover fire losses. But when the fires broke out, the state’s biggest home insurer was already waiting on an ...
Statewide insurance costs may rise as California grapples with post-fire financial strain
As Southern California continues to recover from the fires last month growing concern for insurance claims rises.with ...
The San Joaquin Valley Sun4h
Over 600,000 people to face higher insurance rates in California
California regulators approved rate hikes for 660,000 customers across two major insurers due to the increasing costs from ...
State insurance chief approves funding boost to sustain coverage for wildfire victims
The State of California is taking action to make sure insurance claims are paid to those who lost their homes during last month's wildfires.But the latest actio ...