05/14/2025
People instinctively think this is bad, but it is good. The market needs to be free from price controls in any market. Otherwise you lose the product in the market, which is exactly what we've seen in California. Second best option is that the regulators approve price increases as needed in the market.
California Insurance Commissioner Ricardo Lara approved an emergency rate hike request by State Farm that will allow the company to increase premiums on homeowners, renters and landlords. The insur…