State farm approved for unprecedented raising rates

Three months after the first request, the largest insurer in California obtained approval on Tuesday to temporarily raise your tariffs After the deadly fires of Los Angeles County in January, writes Calmatters’ LevagsS

As of June 1, the State Farm can increase its prices on average 17% for homeowners, 15% for tenants and apartments and 38% for housing for rent. The insurer stated that he needs emergency intermediate increases’To help prevent a terrible situation“For its customers and for the insurance market in California.

In addition to receiving the final write-off from the California Insurance Commissioner Ricardo Lara, the State Farm also had to receive approval from an administrative law judge, Carl-Fraidrik Seligman.

• Seligman., In his decision: “Accepted as a whole, it is a fundamentally fair, adequate and necessary measure – effectively functions as a rescue mission to stabilize the financial status of the state economy while protecting policies.”

Seligman’s decision also addressed the possibility of this approval could lay the foundations for other insurers to request emergency intermediate increases in rates after major fires.

The agreement between the State Farm and the Insurance Department Comes with a few strings: The State Farm agreed to provide further financial aid with a loan of $ 400 million from its mother company and promised to abandon political unregulated by the end of the year.

Legislators and survivors of wild fire in the area also press the insurance department to investigate the state farm for it delayed handling some claimswhich they claim is enough reason to reject or delay the tariff request. But during an online meeting over the weekend with survivors, Lara said the request and complaints about claims were separate problems.

Following the approval of the percentage, some survivors criticize this move.

• Joy ChenLeader of the Eaton Fire Survival Network: “This is exactly the problem. Approving this increase in tariffs without a state farm behavior would send a chilling message to any Californians: you can pay your premiums – but do not rely on your insurer when a disaster occurs.”

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Tuesday Gavard Gavin Newo stated that he would search Further provisions for pharmacies managers – confirmed between manufacturers of prescription drugs and insurance companies – in order to reduce drug prices, Calmatters reports. ” Alexey Kossef and ChristenS

As part of an updated state budget plan expected to cross today, Newsom calls on the California Department of Management Health Care to licensed pharmacies and these managers to report operational and financial details. Consumer and health economists defenders claim that these intermediaries Increase the cost of drugs by adding fees and holding discounts as a profit.

In September Newsom Impose a veto bill This would regulate these intermediaries in a similar way. By the time it was written that it remained unconvinated that the requirement to license the bill would reduce drug prices. The Newsom Office did not explain why the governor changed his position.

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In California, more than 150,000 teenagers this year get a start in their higher education by enrolling Double enrollment courses -College levels can finish to get a college loan. But a school in San Jose is one of the The first in California average Schools to offer a college level coursewho has concerned for some teachers.

Calm Adam Echelman He explains that 13- and 14-year-old students at high school in August Boger can attend a career planning course at a college offered by the San Jose Evergreen Community, where they can learn about career paths, resume writing and more.

Despite more likely to visit and graduate collegeS But since in the college region it seems to offer other courses, such as sociology and ethnic research, some are worried about the quality of the classes and their complex topic.

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