Search
 

State Farm wins stay on issuing refunds in California

Judge denies insurer's request for a stay on reducing rates.

By Caterina Pontoriero | Updated on December 19, 2016
A judge has denied State Farm’s request for a stay on an order from California’s insurance commissioner to reduce homeowners and renters insurance rates in the state, but has approved the stay on issuing refunds. (Photo: iStock)

San Diego Superior Court Judge Katherine Bacal has partially rejected an emergency stay request from State Farm General Insurance Co. on an order issued by California Insurance Commissioner Dave Jones to reduce rates and issue refunds to policyholders in the state.

In a hearing on Dec. 16, Bacal denied the stay request on reducing rates but approved it on issuing refunds to policyholders.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.