Tag: Insurance premiums
State Farm California Homeowners Rate Increase Policy Update
California Regulator Grants Conditional Approval to State Farm for Homeowners Rate IncreaseIn a groundbreaking move, California's Insurance Commissioner, Ricardo Lara, announced today that he would grant State Farm's request for a 22% average increase...
California homeowners to fund 50% of high-risk insurer’s $1B bailout
California Homeowners to Contribute to 50% of High-Risk Insurer's $1B BailoutThe devastation of the Eaton Fire in Altadena on Jan. 8, 2025, serves as a stark reminder of the ongoing wildfire crisis in Southern...
Driving Behavior Scoring: How to Check Your Score
Auto insurance companies are discovering new ways to collect data on driving habits in order to determine driver scores, which reflect the safety of one's behavior on the road. These scores take into account...