Insurance commissioner Lara Seeks meeting with State Farm on rate request
In a letter to the insurer, Lara said under Proposition 103, State Farm has the burden of explaining why the rate hike is ...
Flood program borrows $2B after storm claims
After Hurricane Helene and Hurricane Milton pounded Florida’s Gulf Coast last year, the Federal Emergency Management Agency ...
California Bill Would Force Insurers to Pay Full Coverage Without Requiring Itemization
A proposed new law would release homeowners from the onerous process of listing every object lost in a destroyed home.
Batch of homeowner insurance settlements ‘lost in transit,’ affecting Tampa hurricane victim
A company that processes insurance settlement checks for insurance companies confirms some homeowners’ checks were “lost in ...
Big homeowner rate hike from State Farm shot down by California regulator
State Farm wanted to hike California home insurances rates 22% but the state insurance commissioner blocked the plans ...
California Insurance Commissioner demands more answers from State Farm on proposed rate hike
State Farm submitted a request for an emergency interim rate, which would have increased costs by 22% for some homeowners.
CA Insurance Commissioner rejects State Farm’s emergency 22% rate hike request – for now
State Farm wants CA's Insurance Commissioner to approve an emergency 22% increase on homeowners insurance. The commissioner says no, for now. He needs more info.
Insurance Commissioner rejects State Farm’s emergency rate hike request, calls for meeting with company reps
California Insurance Commissioner Ricardo Lara has rejected State Farm General’s request for a rate hike averaging 22% due to the company’s “dire” ...
After the Palisades fire burned down this L.A. home, the plot sold for more than $1 million as a ‘blank canvas’
After a home in the Pacific Palisades burned down, the empty charred lot sold for more than $1 million and may be getting a ...
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 ...
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A study says asphalt shingles won’t protect against hurricane winds past 10 years. How this impacts your insurance costs
Asphalt shingles may not protect Florida homes against hurricane-force winds past 10 years, according to state officials.
Ameriprise Financial: Strong Asset Growth and Client Cash Revenue Expected Ahead; Valuation Intact
The company’s diversification across wealth management, asset management, and insurance muddies the company’s financials, and investors might discount the company’s valuation because of this.