Industry News

Safeco to slash homeowners’ insurance rates in California by 20%

Under pressure from state, four companies agree to rate reductions
Published on Sep 15, 2006

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California Insurance Commissioner John Garamendi announced Thursday that Safeco is seeking a 20 percent reduction in homeowners’ insurance rates. Safeco — which the Department of Insurance says is the eighth-largest homeowners’ insurer in the state — is the fourth company ...