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Today, Sen. Marie Alvarado-Gil (R-Jackson) issued the following statement on Insurance Commissioner Ricardo Lara’s approval for State Farm to raise its insurance rates on policyholders:
“Californians deserve real solutions, not ones that make their lives more unaffordable. The approval of State Farm’s rate hike is another slap in the face to Californians. It’s the direct result of years of failed progressive policies that have turned the state into a tinderbox and created an unaffordable, unsustainable insurance market. Companies have fled the state. And families in rural communities like mine have either been forced onto the overpriced FAIR Plan, or left without coverage altogether. This is an expensive Band-Aid that only worsens our cost-of-living crisis.”