Allstate proposes a 34% California homeowners' insurance premium increase, its largest in 7 years.
Allstate seeks to raise homeowners' insurance premiums in California by an average of 34%. This is the company's largest rate increase request in the state in at least seven years. The insurance giant is the sixth-largest provider in California and is awaiting regulatory approval. The rate hike comes amid instability in the state's home insurance market.
July 16, 2024
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