Stephanie Sierra
Investigative Reporter at KGO-TV (San Francisco, CA)
SF native | Investigative Reporter @abc7newsbayarea | #MIZ | 📧 [email protected]
Articles
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2 weeks ago |
abc7.com | Stephanie Sierra
OAKLAND, Calif. -- State Farm is one step closer to making their case to raise property insurance rates for millions of California policyholders. But Consumer Watchdog, the only group fighting the hike, still says the numbers don't add up. 7 On Your Side's Stephanie Sierra is following the latest from the hearing at the California Department of Insurance headquarters in Oakland. The objective of this hearing is for State Farm to prove these rate hikes are justified.
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2 weeks ago |
abc7.com | Stephanie Sierra
OAKLAND, Calif. -- California's largest insurer, State Farm, tried to justify its request to raise property insurance rates as high as 38% during a public hearing in Oakland on Tuesday. The state's top insurance boss, Insurance Commissioner Ricardo Lara, was notably not present.
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2 weeks ago |
abc7.com | Stephanie Sierra
OAKLAND, Calif. -- The California Department of Insurance will host its first hearing on Tuesday to determine whether State Farm should be granted a nearly billion-dollar "emergency rate hike."It's the third rate hike State Farm has requested in just over a year, and it could affect millions of policyholders. California's Insurance Commissioner Ricardo Lara has provisionally approved the request for increases as high as 38% - if the company can justify it with data in the hearing.
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3 weeks ago |
abc7news.com | Stephanie Sierra
SAN FRANCISCO (KGO) -- High levels of harmful chemicals like arsenic and lead are being reported all over the areas destroyed by the Los Angeles County wildfires. It's raising questions about another hurdle in the state's insurance crisis. Whether it's toxic chemicals or severe smoke damage -- the state's insurer of last resort, the California Fair Plan is denying claims to help with remediation. And the reason why may surprise you.
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4 weeks ago |
abc7news.com | Stephanie Sierra
SAN FRANCISCO (KGO) -- California lawmakers and the state's former insurance commissioner are responding to a 7 On Your Side investigation into California Insurance Commissioner Ricardo Lara's taxpayer-funded travel across the world. Specifically, the lack of transparency about these trips, which are public record. The Vice Chair of the Assembly Insurance Committee, Assm.
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#StateFarm faces questions about accuracy of rate hike amid conflict with expert witness Here’s what happened. #abc7now #cainsurance https://t.co/93lzzLq3Vr
State Farm is now asking for 17% rate increase for homeowners. Up to 38% for rental dwellings. Rate hearing resumes now. #cainsurance #abc7now https://t.co/ooiTuq9MKl
HAPPENING NOW: @StateFarm about to make their case before @CDI Judge K. Seligman to justify property insurance rate hikes as high as 38%. CDI is requesting data to prove their ‘dire’ financial situation. After the hearing, the judge has 10 days to make a recommendation to https://t.co/kqy3CgDupn