Fury as State Farm gets the go ahead to do the unthinkable on home insurance in California

3 months ago 8

Rommie Analytics

State Farm General, the largest home insurer in California, has been given the green light to hike its prices across the state, sparking fierce backlash from consumer advocates. The insurance provider has been granted permission by a judge and Insurance Commissioner Ricardo Lara to raise its home insurance prices by an average of 17 percent. Premiums for condo owners and renters will see prices rise an average of 15 percent. But the worst affected group will be rental home owners, who will have to fork out an extra 38 percent on average. The ruling comes after a year-long bitter back...
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