California Insurance Commissioner Ricardo Lara's Actions Regarding Fire Victims and State Farm

California Insurance Commissioner Ricardo Lara releases list of insurance companies agreeing to give fire victims over 75% of coverage without itemized list of belongings, State Farm not included. State Farm facing scrutiny for dropping policyholders before Palisades Fire and resisting full payouts for personal property coverage. State Farm executive fired for controversial comments on Pacific Palisades homes. Lara urges insurers to pay claims promptly for wildfire survivors.

State Farm's Response to Los Angeles Fires

Ambassador Ric Grenell requested a meeting with the CEO of State Farm to discuss the company's response to the Los Angeles fires, including the cancellation of policies and requiring detailed lists of personal possessions. State Farm has been giving policyholders 50% coverage for personal property losses, but requires extensive lists for full coverage, causing trauma for fire victims. State law requires a minimum of 30% coverage before full itemization. Some insurance companies have pulled business out of California due to price controls imposed by the state. State Farm began canceling fire insurance policies before the fire, prompting calls for them to make loyal customers whole.