State Farm Still Wants a 30% Rate Increase in California
Article 1 Comment State Farm isn’t done seeking a rate increase in California, upping its request a week after getting the OK for a large rate hike to what the company had originally wanted...
Tagged: insured losses
California FAIR Plan Stabilization Act Moving Through Legislature
Article 0 Comments A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way through state Legislature. Assembly Bill 226, the FAIR Plan Stabilization Act,...
State Farm Has Paid out $2.5 Billion for LA Wildfires
Article 0 Comments State Farm has reported paying out $2.5 billion for the Los Angeles wildfires in January, more than double what the carrier reported paying out weeks earlier. “As of March 28, we’ve...
California Insurance Commissioner Provisionally OK’s State Farm’s 22% Rate Request
Article 0 Comments California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% interim rate hike, the California Department of Insurance announced on Friday. The approval is on the provision that...
25 Pacific Palisades Fire Victims Sue LA and Water & Power
Article 0 Comments Twenty-five victims of the Palisades Fire victims filed an inverse condemnation lawsuit in the Los Angeles Superior Court against the City of Los Angeles and the Los Angeles Department of Water...
LA Mayor Removes Fire Chief in Fallout From Palisades Blaze
Article 0 Comments Los Angeles Mayor Karen Bass removed Fire Chief Kristin Crowley, citing failures in the department’s response to the devastating Palisades wildfire. Bass appointed former LAFD Chief Deputy Ronnie Villanueva, a 41-year...
LA Wildfires by The Numbers: Insured Losses, Total Losses, Ratings, Rates
Article 0 Comments The impact of the historic Los Angeles-area wildfires is being broadly examined and continually refined, with updates almost daily on insured losses, total economic losses and damages, credit ratings—and lately worrying...
The Most Important LA Wildfire Stories to Know About
Article 0 Comments As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of days, the scale of the destruction and losses is becoming clearer....