At $820,000, the region’s median home price remains near all-time highs. But March sales were the third-lowest on record.

Commissioner Ricardo Lara on Tuesday cited a decision by a Department of Insurance administrative law judge that blessed a 17 ...

Insurance Commissioner Ricardo Lara will allow State Farm to raise its rates by an average of 17% for homeowners across California in an effort to improve its finances.

California Insurance Commissioner Ricardo Lara discussed his approval of an average 17% rate increase for State Farm ...

California State Farm policyholders will soon face a significant rate increase, as the Insurance Commissioner has approved a ...

State Farm can soon start raising premiums by 17% for its California home insurance customers. State Insurance Commissioner Ricardo Lara approved the rate hike Tuesday.

In April, the company argued the emergency rate hike would help State Farm rebuild its capital after the wildfires.

Between 2022 and January 2025, after the wildfires ravaged Southern California, State Farm's surplus plunged from $2.24 billion to approximately $620 million, Seligman found, a "massive drop ...

In April, State Farm argued the emergency insurance rate hikes would help the insurer rebuild its capital after the destructive wildfires in Southern California. OAKLAND, Calif. - California's ...

California on Tuesday approved a 17% emergency rate hike for State Farm after the state’s largest insurer made an emergency ...

State Farm executives warned that claims from the January Southern California fires could cut into its reserves when it asked for the emergency hike. In California, companies must have rate ...

THAT 17% INCREASE FOR HOMEOWNERS SET TO START JUNE 1ST. STATE FARM SAYS THE MONEY FROM THAT WILL COVER THE CLAIMS FOR THE SOUTHERN CALIFORNIA WILDFIRES. WENDY, IN SHOCK THAT IT WAS APPROVED.