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