Carmen Balber – California Globe

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...

Allstate Looks To Increase Home Insurance Premiums By 34%

July 12, 2024 4:13 pmJuly 12, 2024 4:13 pm

According to an insurance filing unveiled on Thursday, Allstate filed to raise California Insurance premiums in state by 34%, with the request currently remaining under review. For over a year, insurance companies have been slowly limiting policies, ending the allowance...