State Farm Raises Thousands of Homeowners Rates in Two States
By Michael Buck | |
A.M. Best Company, Inc. |
Policyholders in
Policyholders affected in
In both states, the change was effective for new business on
Some policyholders in
"The changes detailed ... reflect our best efforts to recognize our actuarially suggested income needs and have premiums that are as competitive as possible," the company wrote in the filing.
As the company noted in its
Underwriting was adversely impacted by losses from the remnants of Hurricanes Gustav and Ike in 2008, more frequent and severe wind, tornado and hail storms across
The top five writers of homeowners insurance in 2010 in
The top five writers of homeowners insurance in 2010 in
State Farm Fire and Casualty currently has a Best's Financial Strength Rating of A+ (Superior).
(By
Copyright: | (c) 2012 A.M. Best Company, Inc. |
Wordcount: | 509 |
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