17% State Farm rate hike proposal

Insurance Commissioner Lara Approves 17% State Farm Rate Hike

May 14, 2025 2:45 amMay 14, 2025 2:46 am

California Department of Insurance (CDI) Commissioner Ricardo Lara gave a final sign off on the controversial 17% rate hike sought by State Farm Insurance on Tuesday, following a court decision okaying the rate increase earlier in the day. According to...

Department of Insurance Holds Public Hearing Over Proposed State Farm Insurance Rate Hike

April 9, 2025 2:24 pmApril 9, 2025 2:24 pm

The California Department of Insurance held a public hearing on Tuesday to help determine if they should accept the request by State Farm Insurance to increase the rate on rental homes, non-rental homes, rental units, and condos by at least...