State Farm Plans Second Rate Hike in Eight Months for Home Policies

Contributor: Robert Kraft Kraft & Associates

SUMMARY: State Farm Insurance told the state Thursday that it intends to raise its homeowners rate 4.5 percent statewide starting May 1, only eight months after the company boosted rates 8.8 percent, as reported by the Dallas Morning News. I have written many times about the ridiculous laws and regulations in Texas that have kept homeowners at or near the top of the list of insurance premiums in the nation.

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DOCUMENT INFO

Doc Type:
Legal Article/Newsletter

Published: 3/17/2010
See Related Docs

Legal Article/Newsletter Name:
State Farm Plans Second Rate Hike in Eight Months for Home Policies

Legal System: United States

Subject Matter:
Administrative Law
Insurance
Real Estate - Residential