LA Fires From January 2025- And Another Great American City Land Grab Involves Mayor Susan Bass. Insurance Regulators may seek to suspend State Farm's license, citing widespread mishandling of L.A. wildfire claims
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LA Fires From January 2025- And Another Great American City Land Grab Involves Mayor Susan Bass.
Insurance Regulators may seek to suspend State Farm's license, citing widespread mishandling of L.A. wildfire claims
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Joy Chen, right, executive director of Eaton Fire Survivors Network, urges Gov. Gavin Newsom to call for the resignation of Insurance Commissioner Ricardo Lara during a Nov. 6 news conference. The group has since been renamed the Every Fire Survivor's Network. (Genaro Molina/Los Angeles Times)California regulators may seek to suspend State Farm's license for up to a year and levy millions in penalties against the insurer, alleging it mishandled January 2025 wildfire claims in Los Angeles County. In an extraordinary step, the Department of Insurance announced Monday that it filed an administrative action against the state's largest home insurer after an investigation into 220 sample claims found 398 violations of state law in about half of them. “Our investigation found that State Farm delayed, underpaid, and buried policyholders in red tape at the worst moment of their lives," Insurance Commissioner Ricardo Lara said in a statement. "That is unacceptable, and we are taking decisive action to hold them accountable." The department is seeking a cease-and-desist order to stop the insurer from engaging in unfair or deceptive practices — and to possibly suspend State Farm's "certificate of authority" for up to a year, meaning it could not write policies during that period, department spokesperson Michael Soller said. While the terms of the proposed suspension aren't clear, the move could prevent the insurer — which covers more than 1 million homes — from issuing new policies at a time when the state is facing an insurance crisis. Read more:State regulators launch inquiry into State Farm's handling of fire claims The case will be heard by a state administrative law judge, who will provide a recommendation to Lara on a possible monetary penalty and whether to carry out the license suspension. State regulators declined to comment on the action or how it might affect policyholders. State Farm on Monday rejected the department's claims that it engaged in a "general practice of mishandling or intentionally underpaying wildfire claims" and said it will further respond through the legal process. "California’s homeowners insurance market is the most dysfunctional in the country," State Farm said in a statement. "The California Department of Insurance should take responsibility for regulatory delays and uncertainty that have contributed to fewer choices and higher costs for consumers." State Farm said it has paid more than $5.7 billion and handled more than 11,700 residential and auto claims. That is nearly one-third of those filed after the Jan. 7, 2025, fires that damaged or destroyed more than 18,000 structures and killed 31 people. The department in June 2025 launched a "market conduct exam" into State Farm General — the subsidiary of the giant Bloomington, Ill., insurer that handles California home insurance — after complaints by victims of the fires in Pacific Palisades, Altadena and nearby communities.
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Ask yourself this question as you read about this planned tragedy…Mission accomplished to raise multimillion salaries of insurance CEO’s as coverage for insurance premiums skyrocket along with property values creates HOMELESSNESS for millions of Americans and opens up opportunities for cities and states to offer free homes and housing for the privileged illegal foreigners nationwide. The thing the governance forgot is who’s going to keep the illegal foreigners continuously housed and free health if American people are not able to pull off the two horse pony show for the brilliant governance orchestrating all the chaos of lives lost, homes destroyed and nature destroyed and wildlife destroyed and personal possessions destroyed in the process? One thing is sure it involves payoffs and payouts because people like these calling the shots for distraction do it for more than money, they equally love to see their plans unfold with vast suffering and pain to vast populations!
π₯All This To Hike Housing Costs, INSURANCE and TAXES Around America❗️Los Angeles Devastation Planned! Governor Newsom Land Grab Is On! LA Fires Updates❗️- Inside the Burn Zone Now πΊπΈ
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