CDI – Page 2 – California Globe

Allstate Looks To Increase Home Insurance Premiums By 34%

July 12, 2024 4:13 pmJuly 12, 2024 4:13 pm

According to an insurance filing unveiled on Thursday, Allstate filed to raise California Insurance premiums in state by 34%, with the request currently remaining under review. For over a year, insurance companies have been slowly limiting policies, ending the allowance...

Tokio Marine Insurance, Mercury Insurance Agree To Customer Switchover For Thousands Of Policyholders

May 14, 2024 2:45 amMay 14, 2024 2:46 am

Thousands of California insurance-holders saw a rare moment of relief on Monday when the Mercury General insurance company announced that they would be working with both the Tokio Marine America Insurance Company and the Trans Pacific Insurance Company, who will...

Travelers Insurance Announces Home Insurance Rates Going Up 15% In June

May 7, 2024 2:45 amMay 7, 2024 2:46 am

According to a new Department of Insurance filing released on Monday, Travelers Insurance is to increase most policies in the state of California by 15.3% starting in June. For over a year, insurance companies have been slowly limiting policies, ending...

Two More Insurance Companies Pull Out Of California

April 19, 2024 5:00 pmApril 19, 2024 5:01 pm

According to new California Department of Insurance filings this week, both the Tokio Marine America Insurance Company and the Trans Pacific Insurance Company announced that they would no longer offer homeowners and personal umbrella insurance in California and would leave...

State Farm Announces Non-Renewal Of 72,000 Insurance Policies In California

March 22, 2024 2:45 amMarch 22, 2024 2:46 am

In an announcement on Thursday, the largest property and casualty insurance company in California, State Farm Insurance, announced that 30,000 property insurance and 42,000 commercial apartment policies would not be renewed throughout the state, effectively removing 2% of all policies...

CA Dept. of Insurance Approved State Farm 20% Home Insurance Rate Increase

January 4, 2024 4:48 pmJanuary 5, 2024 11:29 am

The California Department of Insurance approved a request by State Farm Insurance on Wednesday to allow the company to raise all active home insurance rates by 20%. Throughout 2023, multiple insurance companies operating in California either stopped accepting all new...

Farmers Insurance Sets Limits On How Many New CA Homeowners Policies They Issue

July 8, 2023 3:01 amJuly 8, 2023 3:02 am

Farmers Insurance Group, the Los Angeles-based insurer group of vehicles, homes and small businesses, announced this week that they will be limiting the number of new homeowners insurance policies each month in California, becoming that latest insurance company in the...