Rising Tides

 

 

According to a new analysis of homeowners insurance rates, some Midwest states saw the biggest jumps in premiums last year—and American Family Insurance topped a list of 10 insurers ranked by average rate change.

 

Read the Article: Where Homeowners Rates Are Rising—and Who Is Raising Them Most

 

Chubb Reports on Wildfires

 

 

Chubb Ltd estimates that the wildfires that ravaged swaths of Los Angeles earlier this month will cost the insurer US$1.5 billion in the first quarter…Estimates of the total cost for the industry have climbed to as much as US$40 billion. 

 

Read the Article: Chubb reveals massive hit from LA wildfires

 

State Farm Pleads for More Rate in CA

 

 

State Farm General said it is asking the California Department of Insurance to immediately approve interim rate increases, including 22% average for homeowners.  The carrier, the state’s top homeowners insurer, is partly blaming the devastating Los Angeles wildfires for the request.

 

Read the Article: https://www.insurancejournal.com/news/west/2025/02/03/810534.htm