If approved by the state’s Department of Insurance, the rate hike would affect more than 350,000 policyholders and would exceed a 30% increase sought last month by State Farm, the state’s largest homeowners’ insurer. The sixth-largest homeowners insurer in the state, Allstate first filed for the increase last year and it could be trimmed by state regulators. Allstate stopped writing new California homeowner insurance policies in November 2022, citing the devastation caused by wildfires and...
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If approved, Allstate’s request to raise California home insurance rates by 34% on average would be the largest rate increase by a major insurer in three years.
and California is spreading, and it is fundamentally changing... In Louisiana, homeowners are paying roughly three times the... high insurance rates make it more difficult for companies to...
About 320,320 California homeowners will be affected by the rate changes attributed to wildfire risk. Subscribe to continue reading this article. Already subscribed? To login in, click...
A major insurer was approved to raise homeowners’ insurance rates in California for the second time this year.
Discover how much homeowners insurance costs in California, plus which companies offer the best coverage and cheapest rates.
In a sign of financial trouble, State Farm General has asked for permission to dramatically increase insurance rates for millions of California homeowners and renters.
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