Allstate

Too Little, Too Late? Allstate Granted Homeowners Insurance Rate Increase in California

The California Department of Insurance (CDI) has said yes to Allstate’s request for a 4% homeowners insurance rate hike. That’s maybe too late since a couple of weeks ago the insurer announced it will no longer be writing homeowners policies in the Golden State. The CDI is also looking at another Allstate proposed rate increase …

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California Homeowners Insurance Crisis — More to the Problem than State Farm

A week ago, Weekly Industry News reported that State Farm will no longer be writing homeowners insurance policies in California. At that time, and knowing more would follow, we asked — rhetorically — who would be next. The next is Allstate. The company “officially” announced it will no longer be writing homeowners policies in California. …

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