Travelers is the latest California insurer to raise rates. How to find coverage in your area
Briefly

from Los Angeles Times1 week ago
Travelers Insurance in California is set to increase rates by 15%, citing wildfire risks, reinsurance costs, and inflation as reasons for the hike.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-05-10/travelers-raises-premiums-how-to-find-coverage-in-your-area
State Farm, Farmers, and Allstate are also limiting new policies or pulling out of California due to market strains, affecting consumers and the insurance market.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-05-10/travelers-raises-premiums-how-to-find-coverage-in-your-area
California Department of Insurance ensures Travelers' premium increases are legal under Proposition 103, aiming to prevent consumers from overpaying.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-05-10/travelers-raises-premiums-how-to-find-coverage-in-your-area
Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. are amongst the insurers not renewing policies in California, impacting thousands of homeowners.
Los Angeles Timeshttps://www.latimes.com/california/story/2024-05-10/travelers-raises-premiums-how-to-find-coverage-in-your-area
Read at Los Angeles Times
#travelers-insurance #homeowners-insurance #rate-increases #insurance-market
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