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Consumer Watchdog says State Farm shouldn't ask Californians to pay more

Summary by KTLA 5
As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer advocacy group is asking state officials to step in. Consumer Watchdog sent a pair of letters to Insurance Commissioner Ricardo Lara objecting to State Farm's pushing for "an immediate 22% rate increase for homeowners, along with a 15% increase for renters and condo owners and a 38% increase for rental dwellings," the organizatio…

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KTLA 5KTLA 5

Consumer Watchdog says State Farm shouldn't ask Californians to pay more

As State Farm seeks to raise rates in the aftermath of the destructive wildfires in Southern California, one consumer advocacy group is asking state officials to step in. Consumer Watchdog sent a pair of letters to Insurance Commissioner Ricardo Lara objecting to State Farm's pushing for "an immediate 22% rate increase for homeowners, along with a 15% increase for renters and condo owners and a 38% increase for rental dwellings," the organizatio…

·Los Angeles, United States
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Shasta ScoutShasta Scout

State Farm asks for more insurance rate increases after LA fires – Shasta Scout

The Eaton Fire burns in the community of Altadena. Firefighters were unable to get water from hydrants that ran dry, as homes and businesses burned, on Jan. 8, 2025. Photo by Ted Soqui for CalMatters This story was originally published by CalMatters on February 4, 2025, and is reprinted here with permission. State Farm, the largest insurer for California homeowners, this week asked the state to approve “emergency” rate increases for insurance po…

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consumerwatchdog.orgconsumerwatchdog.org

Consumer Watchdog Calls on Insurance Commissioner to Reject State Farm’s Unjustified Emergency Rate Hike Request

Los Angeles, CA – Consumer Watchdog has submitted two letters to Insurance Commissioner Ricardo Lara objecting to State Farm’s request for an emergency interim rate increase, citing a lack of justification and an attempt to bypass California’s strong consumer protection laws. State Farm is seeking an immediate 22% rate increase for homeowners, along with a 15% […] The post Consumer Watchdog Calls on Insurance Commissioner to Reject State Farm’s …

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consumerwatchdog.org broke the news in on Friday, February 7, 2025.
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California, United States

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