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State Farm gets 17% home policy rate hike in California, but must receive $400m capital backing
14 May 2025Consumer Watchdog called Ricardo Lara's rate decision "a great disappointment for consumers"
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State Farm wins provisional nod for 22% Californian homeowner rate hike
17 March 2025But group must still prove it needs the hike, and inject $500m into non-life unit
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Consumer Watchdog dubs State Farm's rate hike bid a "backroom bailout"
27 February 2025Consumer advocates, State Farm and Ricardo Lara met yesterday
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State Farm General says it "would be insolvent" without reinsurance for LA fires
26 February 2025SFG meets California's Insurance Commissioner today to request 22% rate hike
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California's insurers pay almost $7bn in fire claims so far, Ricardo Lara announces
14 February 2025Disaster has already cost insurers over half their $12.5bn bill from the 2018 Camp fire
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California's FAIR Plan gets regulator's approval for $1bn assessment of insurers
12 February 2025Ricardo Lara says bolstering safety-net's capital is necessary to meet LA fire claims
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State Farm petitions Ricardo Lara for "immediate emergency" 22% home policy rate hike
04 February 2025US insurer wrote to California's Insurance Commissioner yesterday
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Catastrophe models should aid pricing stability in California, leading actuary says
03 February 2025Use of models "become best friend" of stakeholders after big disasters strike, Rade Musulin contends
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"We are marching towards an uninsurable future," says ex-California insurance commissioner
14 January 2025Increasing rates will not solve the current crisis, Dave Jones says
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California insurance commissioner declares emergency as LA wildfires rage on
14 January 2025Powerful winds are forecast over the next 24 hours that could cause extreme fire behaviour