California Insurance Commissioner Ricardo Lara said Friday he will grant State Farm’s request to raise home insurance ...

California's insurance chief gives green light to major rate hike for State Farm homeowners, but with some concessions ...

California Insurance Commissioner Ricardo Lara has provisionally accepted State Farm's request for a rate hike averaging 22% ...

California Insurance Commissioner Ricardo Lara was reportedly on a work-related trip in Bermuda instead of attending an ...

California Insurance Commissioner Ricardo Lara provisionally approved State Farm’s request for a 22% property insurance rate ...

Commissioner Ricardo Lara Lara wants the insurance giant to present evidence justifying the increase at a public hearing ...

California's top insurance regulator on Friday said he would approve an emergency request by State Farm to raise premiums 22% ...

Lara attended the Bermuda Risk Summit, an event in the Caribbean that is held by members of the insurance and reinsurance ...

California Insurance Commissioner Ricardo Lara "provisionally'' approved State Farm General's request for an emergency 22% ...

It’s unclear how much premiums could go up in the Bay Area or which parts of the region would see the largest rate hikes.

State Farm justified its rate hike by claiming it is paying out $1.26 in claims for every dollar it collects in premiums, resulting in the loss of $5 billion in the last nine years.