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.
Allstate seeks 34% rate hike for California homeowners; State Farm threatens to exit without price increases.
| Source: | https://citizenwatchreport.com/allstate-seeks-34-rate-hike-for-california-homeowners-state-farm-threatens-to-exit-without-price-increases/ |
| Published: | Jul 16, 2024 |
| Author: | Horse |
| Post Date: | 2024-07-16 19:31:41 by Horse |
| Views: | 221 |
#1: Dakmar To: Horse (#0)
Dakmar posted on 2024-07-16 19:33:28 Reply Private Reply