Allstate, State Farm Requesting Large Rate Increases For Personal Lines

Across the country, the largest and best-known personal lines insurance carriers are doing battle with regulators to gain approval for large premium jumps in auto and home insurance. Most recently, consumer groups in California have urged the Department of Insurance to reduce its rates by at least 9.26%. According to Consumer Watchdog, the homeowners insurer – the largest in the state – has overcharged its customers by roughly $78 million, or $285,000 per day, since at least July 2015.