State Farm can hike rates on homeowners — if it pauses cancellations and proves need
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California Insurance Commissioner
Lara's conditions are that
Lara said he had to "make an unprecedented decision in the short term."
"I expect both
In an interview with CalMatters, the commissioner said he has heard from other state insurance commissioners that large companies like
"This is part of their playbook… they come in, they bully you. They start getting folks calling you and pressuring you, and threatening that hey, we may start not renewing folks," Lara said. "That's why I think it's better to have a public hearing with an (administrative law judge)."
An email exchange obtained by CalMatters shows that on Thursday afternoon, a lawyer for
Consumer Watchdog, an advocacy group that filed a challenge against the insurer's rate requests and which had been pushing for a rate hearing, cheered Lara's decision. "It's a victory for consumers that
The commissioner has been trying to reform the state's insurance market as providers like
Under
If
Those increases would follow an average 20% premium rate hike
An administrative law judge will preside over the hearing for the interim rate request at the department's
Lara's decision came about two weeks after he called an in-person meeting between his department,
At the in-person, private meeting called by the commissioner last month,
Berkeleyside is a media partner of CalMatters, a nonpartisan, nonprofit news site covering the state
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