The insurer’s financial straits were discussed during a meeting Feb. 26 in Oakland between the insurance giant and California Insurance Commission Ricardo Lara. “Those important conversations continue,

Ricardo Lara said he will look at information provided by State Farm before revisiting his previous decision to reject the company’s emergency rate hike.

Ricardo Lara said he will look at information provided by State Farm before revisiting his previous decision to reject the company’s emergency rate hike.

Commissioner Ricardo Lara had asked for the meeting in which he and Consumer Watchdog will sit down with State Farm reps in Oakland.

Ricardo Lara said he will look at information provided by State Farm before revisiting his previous decision to reject the company’s emergency rate hike.

California Insurance Commissioner Ricardo Lara, representatives from State Farm General and Consumer Watchdog, a consumer advocacy group, met in person on Wednesday to discuss the insurance company’s recent price hike request.

Last week’s Insurance Town Hall with Insurance Commissioner Ricardo Lara, hosted by Senator Monique Limón and Assemblymember Gregg Hart, with local experts from the Santa Barbara County Fire Department,

By Levi Sumagaysay, CalMatters California’s largest insurer should know within a couple of weeks whether it can raise premiums on its nearly 3 million policies in the state after making its case in a face-to-face meeting with Insurance Commissioner Ricardo Lara today.

California Insurance Commissioner Ricardo Lara has expanded emergency insurance protections for Southern California homeowners affected by recent wildfires to include those impacted by the Hughes

California Insurance Commissioner Ricardo Lara recently rejected State Farm’s request for “emergency” rate increases, setting up what could be a highly consequential showdown with the state’s biggest insurer — and going against the recommendation of his staff experts.

When State Farm insurance wanted an emergency rate hike of 22 percent after the wildfires, state insurance commissioner Ricardo Lara rejected it. Since taking office, Lara has been trying to resolve the state’s ongoing home insurance crisis.

The horrendously destructive and deadly Los Angeles wildfires erupted in January just as Insurance Commissioner Ricardo Lara’s historical and very controversial overhaul of how insurers calculate premiums was taking effect.