Allstate seeks to raise rates 34% for state homeowners

Allstate, one of California's largest home insurers, is asking to raise its homeowners insurance rates by an average of 34.1% later this year. The request is larger than the 30% average increase that State Farm, California's largest insurer, is seeking. Allstate is California's sixth largest home insurer, representing about 5.5% of the overall market as of last…