> Allstate looks to raise rates on homeowners insurance in California by 34.1% on average
Allstate looks to raise rates on homeowners insurance in California by 34.1% on average
Clip ID 2297643
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
Description
Allstate is looking to raise rates on homeowners insurance in California by an average of 34.1%.
Right now, the Department of Insurance is reviewing their request.
If approved, it would be the largest rate increase so far this year and impact more than 350,000 policyholders.
"It doesn't surprise me to see Allstate taking some significant rates right now, because they are way behind the eight ball as far as the industry is concerned," said Karl Susman, an insurance agency owner and industry expert.
MORE: https://www.cbs8.com/article/news/local/allstate-requests-raising-california-homeowners-insurance-premiums/509-84742466-8d7b-45ab-b63b-259c1ebe5565