Daily Breeze

Insurance commissioner Lara seeks meeting with State Farm on rate request

After State Farm, California’s largest insurer, filed a request for an emergency 22% rate hike for homeowner policies, Insurance Commissioner Ricardo Lara on Friday requested a meeting with the ...

Insurance commissioner proposes controversial changes to landmark insurance law

Insurance Commissioner Ricardo Lara has proposed stricter funding rules for consumer groups that challenge insurer rate hikes ...
Morningstar

Watchdog to Lara: State Farm Exec's Startling Admission About Orchestrating Rate Hike Request Through Cancelled Coverage Should Be Disqualifying For Emergency Request | Morningstar

LOS ANGELES, March 7, 2025 /PRNewswire/ -- Consumer Watchdog wrote a letter to California Insurance Commissioner Ricardo Lara with new information showing why State Farm should not be granted an ...
kcra.com

California insurance commissioner says he can't take action against State Farm

OFFICE IS RESPONDING RIGHT NOW. IS YOUR OFFICE DOING IN RESPONSE TO WHAT STATE FARM ULTIMATELY DID JUST A COUPLE OF WEEKS AGO TO CALIFORNIA INSURANCE? YEAH. WELL, FIRST OF ALL, I WOULD SAY THE MOST ...
Morningstar

Consumer Watchdog Agrees With Insurance Commissioner Lara That State Farm Needs To Provide More Information Before Getting Rate Hike, But Should Be Provided in Full Hearing

LOS ANGELES, Feb. 14, 2025 /PRNewswire/ -- Consumer Watchdog said that Insurance Commissioner Lara is right in asking for more information from State Farm before approving its request for an emergency ...