LA Fires

California Insurance Chief Conditionally Approves Rate Hikes, But State Farm Must Face Public Hearing – The Pride LA

pgnewser March 18, 2025

California Insurance Chief Conditionally Approves Rate Hikes, But State Farm Must Face Public Hearing – The Pride LA
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In response to the ongoing insurance crisis and mounting financial instability in the wake of recent wildfires, California Insurance Commissioner Ricardo Lara has conditionally approved State Farm’s request for an emergency interim rate increase. The approval is contingent on the company justifying its request with financial data in a public hearing set for April 8, 2025.

Commissioner Lara is also urging State Farm to halt policy non-renewals and secure a $500 million capital infusion from its parent company to bolster its financial health. He presented this proposal in a recent meeting with State Farm representatives, the California Department of Insurance, and the designated intervenor in the case. The transcript from that meeting was made public this week.

For months, the Department of Insurance engaged in discussions with State Farm and the intervenor to reach a resolution on the company’s rate increase request. However, negotiations stalled when State Farm claimed its financial position had further deteriorated, prompting the company to directly petition Commissioner Lara for an emergency rate hike.

At a February 26, 2025, meeting in Oakland, State Farm representatives assured Lara that they could cover claims from the devastating Southern California wildfires but warned that the disaster had worsened their overall financial condition. Given State Farm’s status as California’s largest home insurer, Lara has pressed the company for a clear strategy to stabilize its financial standing while continuing to serve more than 1 million homeowners in the state.

Insurers Can’t Raise Rates After LA Fires

pgnewser February 17, 2025

California’s Insurance Czar told insurance companies no to their hopes of being able to raise rates significantly in the wake of the LA Fires.

California insurance commissioner rejects State Farm’s emergency rate hike request – WAND
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California Insurance Commissioner Ricardo Lara on Friday refused to grant State Farm’s request for an average 22% emergency rate increase for homeowners’ insurance. Lara is also requesting the Bloomington-based company answer questions about its financial condition following the Los Angeles wildfires.

State Farm responded that it is “very disappointed” the commissioner ignored his own department’s recommendation to approve the interim rate hikes, and it has already gone to great lengths to “clearly” answer his questions.

Reacting to the commissioner’s decision, State Farm indicated it will consider its options about doing business in California.

“This lack of approval sends a strong message to State Farm General about the support it will receive to collect sufficient premiums in the future to protect Californians against the risk of loss to their homes,” the company said. “While we’re positioned to handle all of the claims associated with the most recent wildfires, State Farm General must seriously consider its options within the California insurance market going forward.”

Gavin Newsom to Victims of California Fires: ‘You Can’t Rebuild the Same, Have to Rebuild With Climate Reality in Mind’ (VIDEO) | The Gateway Pundit– www.thegatewaypundit.com

pgnewser February 7, 2025

Gavin Newsom to Victims of California Fires: ‘You Can’t Rebuild the Same, Have to Rebuild With Climate Reality in Mind’ (VIDEO) | The Gateway Pundit– www.thegatewaypundit.com
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Last month, comedian Adam Carolla went viral in a video where he talked about how horrible the rebuild process would be for the victims of the California fires because of progressive policies in the state. Carolla said:

So here’s what’s going to happen. All these people who are deep blue Democrats are now going to have to pull a permit to rebuild, and they’re going to get the 28 year old bitch from the Coastal Commission telling them to go fuck off and then they’re going to vote for Trump or whoever’s Trumpian next.

When they start getting the regulation, they’re going to go nuts. And when they start running into the bureaucracy and the red tape, they’re going to start going nuts and they’re going to vote for Rick Caruso next time.

State Farm seeks 22% emergency rate hike after receiving 8,700 wildfire claims – OCRegister

pgnewser February 7, 2025

State Farm seeks 22% emergency rate hike after receiving 8,700 wildfire claims – OCRegister
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State Farm General requested a 22% emergency rate hike in California on Monday, Feb. 3 to cover losses from the Los Angeles County wildfires and stop its “financial deterioration,” the company wrote in a letter filed with the state’s insurance commission.

The property insurer, the state’s largest and a subsidiary State Farm Mutual Automobile Insurance Co., said it has received more than 8,700 claims from the Jan. 7 fires in Pacific Palisades and Altadena areas. The company said it has paid more than $1 billion to customers.

The company is seeing signs of rapid deterioration of its capital structure, according to the letter sent to Insurance Commissioner Ricardo Lara by Dan Krause, State Farm’s president and chief executive officer.

Krause wants Lara to take “emergency action” to help protect California’s fragile insurance market by immediately approving interim rate increases on its filings, with rates to become effective May 1. Besides the average 22% rate increase in homeowners’ insurance policies, State Farm requested a 15% hike for renters, 15% for condo owners and 38% for rental dwellings.

“We know we will ultimately pay out more, as those fires will collectively be the costliest in the history of the company,” wrote Krause. The rate increases are needed to help avert a dire situation for more than 2.8 million poli

State Farm proposes home insurance price hike after $1 billion spent on LA fire claims– www.washingtonexaminer.com

pgnewser February 4, 2025

State Farm proposes home insurance price hike after $1 billion spent on LA fire claims– www.washingtonexaminer.com
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State Farm wants to raise home insurance rates for Californians by an average of 22% after the company paid out roughly $1 billion in claims due to the Los Angeles fires.

As the largest home insurance company in the United States, State Farm covers 20% of the area devastated by the fires in Los Angeles County, which the company said ranked as “the costliest disasters in the history of State Farm General.” In Altadena alone, 6,000 homes, or around 40% of all residential units, were destroyed by the fires, according to a Los Angeles Times analysis.

LA Fails to Let Homeowners Gain Access to Property

pgnewser January 28, 2025

Following the now-viral moment where LA Marxist Mayor Karen Bass was told directly by President Donald Trump that she should let the people clean up their own properties, residents continue to be denied access to their own property.

Trump excoriated her to use her emergency powers to cut the red tape that might delay them from seeing their homes for months, if not years, yet residents are reporting she continues to deny them access to their own property, citing concerns for their “safety.”

The January 15 order from LA County Health Officer Dr. Munta Davis is still in effect. It states, “No removal of fire debris resulting from the Critical Fire Area in Los Angeles County shall occur from properties without a hazardous materials inspection conducted either by the U.S. Environmental Protection Agency or California Department of Toxic Substances Control …”

LA Defies Trump, Forbids Residents to Clean Sites– www.westernjournal.com
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Los Angeles is preventing residents from going to their properties, much less starting the process of cleaning them up.

L.A. County Health Officer Dr. Muntu Davis issued the no debris removal order.

His calling card includes promoting a “health equity framework within government agencies,” and the top value listed on his county health office website is “equity.”

The Jan. 15 order from Davis read in part, “No removal of fire debris resulting from the Critical Fire Area in Los Angeles County shall occur from properties without a hazardous materials inspection conducted either by the U.S. Environmental Protection Agency or California Department of Toxic Substances Control …” The order listed a few other government agencies that could also do the inspection.

Shock Poll Shows Massive Rightward Shift in Los Angeles in Wake of Fires – RedState– redstate.com

pgnewser January 28, 2025

Shock Poll Shows Massive Rightward Shift in Los Angeles in Wake of Fires – RedState– redstate.com
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In the wake of the Los Angeles fires and revelations that fire hydrants weren’t working and a key reservoir had been empty for a year, a new poll shows that Los Angeles voters are more open to Republican leadership than they have been in more than a generation – and that LA Mayor Karen Bass’ tenure is in jeopardy.

The poll, conducted among likely voters in Los Angeles County between January 19 and 22, revealed that only 37 percent of respondents approve of Bass’ job performance related to wildfire response. Pollsters also asked respondents who they’d vote for, if the mayoral election were held today, in a hypothetical rematch between Bass and her 2022 opponent, businessman Rick Caruso, and only 36 percent said they’d vote for her again. It definitely looks like Bass won’t retain her job; while it’s true that voters have notoriously short memories, Bass is going to face at least one radical lefty in addition to two more moderate choices (rumors at this point are that LA City Councilwoman Traci Park and Caruso will also run), so Bass doesn’t really have a lane.

Trump Just Gave the Fire Victims in LA a Long Overdue Present That Will Change Everything– www.westernjournal.com

pgnewser January 27, 2025

Trump Just Gave the Fire Victims in LA a Long Overdue Present That Will Change Everything– www.westernjournal.com
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Among President Donald Trump’s first executive orders issued on Monday was one directing that a plan be implemented to deliver more water from northern California to the central and southern parts of the state.

He argued lack of water was a reason the California wildfires did such damage.

Trump recounted in his Jan. 20 order — titled “Putting People over Fish: Stopping Radical Environmentalism to Provide Water to Southern California” and directed to the Secretaries of Commerce and the Interior Departments — “During my first term, the State of California, at the direction of its Governor [Gavin Newsom], filed a lawsuit to stop my Administration from implementing improvements to California’s water infrastructure. My Administration’s plan would have allowed enormous amounts of water to flow from the snow melt and rainwater in rivers in Northern California to beneficial use in the Central Valley and Southern California.”

“This catastrophic halt was allegedly in protection of the Delta smelt and other species of fish. Today, this enormous water supply flows wastefully into the Pacific Ocean,” he added.