Hike

State Farm Seeking Interim 22% Rate Hike for Homeowners in Wake of LA Wildfires – Go Health Pro

by
State Farm Seeking Interim 22% Rate Hike for Homeowners in Wake of LA Wildfires – Go Health Pro

State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases, including 22% average for homeowners. The carrier, the state’s top homeowners insurer, is partly blaming the devastating Los Angeles wildfires for the request. “As of February 1st, State Farm General (Fire only) has received more … Read more

RLI Insurance coverage Needs 16% Fee Hike in Florida on Umbrella, Submitting Exhibits – Go Well being Professional

by
RLI Insurance coverage Needs 16% Fee Hike in Florida on Umbrella, Submitting Exhibits – Go Well being Professional

Florida’s insurance coverage commissioner in early August famous that price will increase by property-casualty insurers within the state have slowed considerably since 2023 legislative reforms have been enacted, with 12 carriers asking for a small lower this yr and one other two dozen submitting for a zero price improve. RLI Insurance coverage, a specialty insurer … Read more