california insurance rates Archives

State Farm Rate Hike Fallout: Californians Brace for Judge’s Decision

April 11, 2025April 11, 2025 H. Cutner

California Insurance news State Farm Hearing Update

Californians on Edge as Judge Weighs State Farm’s Rate Hike Request The courtroom drama around State Farm’s emergency rate hike request might be finished, but the fallout is just beginning. After a high-stakes, three-day hearing in Oakland, the insurer, the California Department of Insurance, and advocacy groups are all waiting on an administrative law judge to decide if the proposed increases will formally take effect. And while this legal tug-of-war plays out, roughly three million California homeowners and policyholders are bracing themselves for what these changes might mean for their…

State Farm Proposes 39% Rate Hike for California Umbrella Policies, Sparking Debate

April 2, 2025April 1, 2025 G. Turner

State Farm General Insurance Company has proposed a 39% rate increase for its California Personal Liability Umbrella Program, a move that could impact over 430,000 policyholders statewide. If approved by the California Department of Insurance (CDI), the hike would take effect in August 2025, marking the second major increase in just six months. This development has raised concerns among consumers and advocacy groups, as California’s insurance market continues to deal with rising costs and regulatory challenges. Understanding State Farm’s Rate Hike Proposal The proposed rate hike is part of State…

Rising Auto Insurance Costs in California: The New Law You Can’t Ignore

October 21, 2024October 20, 2024 Live Insurance News

New California Law Increases Minimum Auto Insurance Limits Overview of Senate Bill 1107 California is set to implement a significant change in auto insurance coverage as Senate Bill 1107 takes effect on January 1, 2025. This new law mandates an increase in the minimum liability limits required for motor vehicle insurance, impacting private passenger autos, commercial businesses, and recreational vehicles alike. The revamped limits aim to offer better protection for drivers in light of escalating costs associated with accidents. Understanding the New Minimum Liability Limits The updated minimum liability insurance…

California auto insurance investigating premiums discrimination

May 23, 2017May 19, 2017 Marc

The state Department of Insurance launched an investigation into the factors used to calculate rates. The California auto insurance industry may soon be changing the way its rates are calculated in order to reduce discrimination against drivers from minority neighborhoods. The California Department of Insurance launched an investigation into the practices of eight auto policy providers in the state. The investigation is meant to decide whether the insurers are discriminating against people in minority neighborhoods. The California auto insurance rate investigation was launched in response to an article published on…

State Farm insurance rates will soon be slashed, judge’s orders

December 21, 2016December 19, 2016 Nordstrom

California Insurance Commissioner Dave Jones supports the judge’s decision to reduce premiums. State Farm insurance rates in California may soon be on their way down following a judge’s ruling. That said, homeowners, condo and renters insurance policyholders will need to wait to know if they will also get refunds. That will depend on the outcome of a lawsuit. The judge ruled that State Farm is required to comply with a state order for reducing its rates. That same judge said that while State Farm insurance rates must be reduced, the…

California insurance premiums for health plans could spike by 8%

May 16, 2016May 14, 2016 Nordstrom

The rates for 2017 may be noticeably more expensive for residents of the Golden State. California insurance premiums may be heading upward next year according to an estimate that has been produced by the state’s exchange, to the point that the average person would be paying 8 percent more. Should this estimate be accurate, it will double the average increase seen over the last two years. This year and last year, there were increase to California insurance premiums, but they were a notably lower 4 percent. This latest forecasted increase…

California Insurance rates from Allstate cause Commissioner and consumer advocate divide

April 8, 2015April 6, 2015 Julie Campbell

allstate homeowners home insurance rates

Though Dave Jones and Harvey Rosenfield have traditionally collaborated, a recent issue has led to a split. The California Insurance Commissioner, Dave Jones, and advocate from Consumer Watchdog, Harvey Rosenfield, have traditionally held very similar beliefs when it came to the industry and its insurance rates. That said, this trend appears to have changed when it comes to the rates being charged by Allstate. Rosenfield, who hails from Santa Monica, was the author of Proposition 103, a ballot measure from 1988, which converted the position of insurance commissioner in the…