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Title: Allstate seeks 34% rate hike for California homeowners; State Farm threatens to exit without price increases.
Source: [None]
URL Source: https://citizenwatchreport.com/alls ... -exit-without-price-increases/
Published: Jul 16, 2024
Author: Horse
Post Date: 2024-07-16 19:31:41 by Horse
Keywords: None
Views: 67
Comments: 1

According to the California Department of Insurance, the Allstate homeowners filing was received by the Department on April 14, 2023. The initial rate request was 39.6%. Consumer Watchdog petitioned to intervene in July 2023. In January of this year, Allstate amended their rate request to 34.1%. According to a reports, it would be the largest rate increase this year and would impact more than 350,000 policyholders.

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#1. To: Horse (#0)

Government should decide prices, they know what things cost, it's their money! - Stalin

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2024-07-16   19:33:28 ET  Reply   Trace   Private Reply  

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