State Farm recently received approval for a 17% rate hike on homeowners policies. (Credit: Diego M. Radzinschi/ALM)
The California Department of Insurance announced Thursday that it is launching a market conduct examination into State Farm and the way it has dealt with claims following the LA wildfires.
The investigation will look at adjuster practices and assess State Farm’s methods for managing claims in a process that will likely take several months. California Insurance Commissioner Ricardo Lara said the investigation comes after complaints from wildfire survivor groups about State Farm’s claims handling.
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
