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.
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