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California Takes Action Against State Farm Over Handling of LA Wildfire Claims

California Takes Action Against State Farm Over Handling of LA Wildfire Claims

by Phil Hall | May 5, 2026 | Current News & Events, Real Estate News, WRE News Exclusive

The California Department of Insurance has launched an enforcement action against State Farm General Insurance Company after an investigation revealed the company’s mishandling of claims filed by survivors of the 2025 Los Angeles wildfires. According to the...
California Approves 17% Rate Hike by State Farm

California Approves 17% Rate Hike by State Farm

by Phil Hall | May 14, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

California has approved a 17% increase for State Farm’s homeowners policies. CBS News reports the rate increase is lower than the insurer’s request for a 21.8% hike. California Insurance Commissioner Ricardo Lara announced the rate hike after administrative...
California Gives Provisional Approval for State Farm’s 22% Rate Hike

California Gives Provisional Approval for State Farm’s 22% Rate Hike

by Phil Hall | Mar 14, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California Insurance Commissioner Ricardo Lara has provisionally approved a request by State Farm for a 22% emergency interim rate increase in homeowners insurance following the vast devastation created by the Los Angeles County wildfires. In a statement, Lara...
State Farm Seeks 22% Emergency Interim Rate Hike in California

State Farm Seeks 22% Emergency Interim Rate Hike in California

by Phil Hall | Feb 4, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

With the wildfires that ravaged Los Angeles County are now completely contained, State Farm General is seeking an emergency interim rate hike averaging 22% for California homeowners based on what it called a “dire” financial situation. CNN reported the insurance...

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