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flag Travelers Companies reports $1.7 billion in losses from California wildfires, raising insurance cost concerns.

flag Travelers Companies Inc. reported a $1.7 billion impact from recent California wildfires, including personal and commercial insurance losses. flag The company has not yet clarified if this will lead to increased premiums or reduced coverage in high-risk areas. flag State Farm, the largest insurer in California, has requested a 22% increase in home insurance rates. flag The wildfires have raised concerns about future insurance availability and costs in the state.

2 months ago
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