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State Farm can conditionally hike insurance premiums in California

State Farm can hike rates on California homeowners — if it pauses cancellations and proves need

Lea esta historia en Español California Insurance Commissioner Ricardo Lara said today he will grant State Farm’s request to raise home insurance premiums by 22% on average if the company agrees to certain conditions — and wins approval at a public rate hearing next month.  Lara’s conditions are that State Farm, the state’s biggest provider … Continue reading State Farm can hike rates on California homeowners — if it pauses cancellations and proves need