State Farm Seeks Enormous Rate Increases in California to Prevent Insolvency | KQED

This has the potential to affect millions of California consumers and the integrity of our residential property insurance market,” California Insurance Commissioner Ricardo Lara said in a statement provided to KQED.

For the last year, State Farm has not written new policies in California, and it has not renewed tens of thousands of existing policies.

Using my authority under Prop. 103, I will investigate State Farm's financial situation, including a rate hearing on these applications if necessary. My Department's experts and I have serious questions.

Read at Kqed