California reconsiders State Farm rate hike as insurer’s losses rise
California Gives State Farm Insurance Ultimatum
State Farm’s CEO and California’s top insurance official just met. Here’s exactly what they said
State Farm has given Insurance Commissioner Ricardo Lara a stark choice: approve a rate increase consumer advocates say amount to $600 per household, or run the risk that California’s largest insurer may drop even more policies across the state.
NBC Los Angeles on MSN1d
State Farm estimates $7.6 billion in LA wildfire losses, continues seeking interim rate request
State Farm Insurance Group said this week that it has paid out $1.75 billion on approximately 9,500 claims filed as a result of the January wildfires in Los Angeles County. Direct losses reported and unreported is estimated to be $7.

State Farm, Los Angeles

State Farm says LA wildfire losses total $7.6 billion
State Farm says it will pay $7.6 billion for L.A. fires but reinsurance will slash losses
State Farm reports staggering insurance losses from Los Angeles wildfires
State Farm General, California’s largest home insurer by far, estimates it will pay $7.6 billion to survivors of the Los Angeles wildfires. The staggering figure is the highest loss estimate of any insurer so far,
Pasadena Star-News11d
State Farm’s rate hike shot down by California regulator
In the wake of last month’s Los Angeles fires, California Insurance Commissioner Ricardo Lara rejected State Farm’s “emergency” premium increase of 22% on average for California homeowners, setting up what could be a highly consequential showdown ...