California insurance commissioner approves State Farm interim rate increase
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California insurance commissioner approves State Farm interim rate increase

State Farm will need to provide its CA subsidiary with a $400mn surplus note.

By Clark Mindock
May 13, 2025
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California Insurance Commissioner Ricardo Lara on Tuesday approved State Farm General’s request for an interim rate hike, granting the insurer permission to increase homeowners’ rates by 17%, for now.

State

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Topics

News Regulation Personal lines Homeowners' insurance Insurers North America California State Farm
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