Industry News

Homeowners insurers slash rates in California

Insurance commissioner says consumers will save $439 million annually
Published on Dec 27, 2006

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by CareyBot

Farmers Insurance — California’s second-largest homeowners insurer — will lower its rates in the state by 18 percent, joining State Farm, Safeco, Hartford, USAA, Nationwide and Kemper in heeding Insurance Commissioner John Garamendi’s call for lower rates. Garamendi, who will ...