But in a letter to California’s insurance commissioner, State Farm leaders said, “We know we will ultimately pay out significantly more.” They wrote that previous years’ losses from ...

In a Friday, Feb. 14, letter to State Farm executives, Lara said that he needs ... saying it had already paid out $1 billion in claims from the Los Angeles County fires so far and expected to ...

Insurance Commissioner Ricardo Lara said State Farm must answer more questions ... fires as of Feb. 1 and had paid out over $1 billion, according to the letter. The company says it covers roughly ...

In his response letter, Lara noted that the insurance ... "Under the strict review laid out by Proposition 103, the burden is on State Farm to show why this is needed now," Lara wrote.

In his letter, among the things Lara asks for are an explanation of what has changed between State Farm’s request last ... which said it risked running out of money to operate as it pays out ...