Archive

  • State Farm wins provisional nod for 22% Californian homeowner rate hike

    17 March 2025

    But group must still prove it needs the hike, and inject $500m into non-life unit

  • Consumer Watchdog dubs State Farm's rate hike bid a "backroom bailout"

    27 February 2025

    Consumer advocates, State Farm and Ricardo Lara met yesterday

  • State Farm General says it "would be insolvent" without reinsurance for LA fires

    26 February 2025

    SFG meets California's Insurance Commissioner today to request 22% rate hike

  • California's insurers pay almost $7bn in fire claims so far, Ricardo Lara announces

    14 February 2025

    Disaster has already cost insurers over half their $12.5bn bill from the 2018 Camp fire

  • California's FAIR Plan gets regulator's approval for $1bn assessment of insurers

    12 February 2025

    Ricardo Lara says bolstering safety-net's capital is necessary to meet LA fire claims

  • State Farm petitions Ricardo Lara for "immediate emergency" 22% home policy rate hike

    04 February 2025

    US insurer wrote to California's Insurance Commissioner yesterday

  • Catastrophe models should aid pricing stability in California, leading actuary says

    03 February 2025

    Use of models "become best friend" of stakeholders after big disasters strike, Rade Musulin contends

  • "We are marching towards an uninsurable future," says ex-California insurance commissioner

    14 January 2025

    Increasing rates will not solve the current crisis, Dave Jones says

  • California insurance commissioner declares emergency as LA wildfires rage on

    14 January 2025

    Powerful winds are forecast over the next 24 hours that could cause extreme fire behaviour

  • California moves to protect insurance coverage for wildfires

    10 January 2025

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