Insurance commissioner rejects State Farm's request for 22% emergency rate hike

Insurance Commissioner Ricardo Lara on Monday rejected State Farm General's request for an emergency 22% home insurance rate hike due to the Los Angeles fires unless the insurer can provide more evidence it is warranted.

Feb 14, 2025 - 14:15
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Insurance commissioner rejects State Farm's request for 22% emergency rate hike

Insurance Commissioner Ricardo Lara on Monday rejected State Farm General's request for an emergency 22% home insurance rate hike due to the Los Angeles fires unless the insurer can provide more evidence it is warranted.

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