San Diego Court Order For State Farm Insurance Refund Stays

Monday, December 19th, 2016 Legislation & Regulation Risk Management

A San Diego superior court judge upheld the California Insurance Commissioner’s order to State Farm to reduce rates for homeowners and renters insurance. Judge Katherine Bacal denied a request by the insurance firm to suspend the commissioner’s order for the company to lower its rates by 7% or $84 million over the next year. According to a report by news outlet Fox, the petition filed by State Farm was seen as attempting to dilute the consumer protections provided in Proposition 103.

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http://www.ibamag.com/us/news/breaking-news/san-diego-court-order-for-state-farm-insurance-refund-stays-41987.aspx

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