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In a hopeful sign for California’s beleaguered insurance market, Farmers Insurance said this week that it would reopen some closed lines of coverage and start writing more homeowners policies..
Farmers Insurance is upping the number of home policies it writes each month and resuming coverage for condos, renters and other dwellings, saying the California insurance market has improved.
Starting Saturday, Farmers told NBC Bay Area it will increase the number of new home insurance policies it accepts each month in California from 7,000 to 9,500. Watch NBC Bay Area News free ...
The average cost of Farmers renters insurance is $203 a year, or about $17 a month, according to NerdWallet’s rate analysis. That’s higher than the national average of $148 a year.
Farmers said the move will affect only company-branded policies, which make up about 30% its policies sold in the state. As a result, nearly 100,000 Florida customers would lose their insurance ...
Another positive sign is that new insurance companies are starting to signal interest in Florida. Market intelligence suggests the number of impacted Farmers customers is up to 100,000 but the ...
Members of the Pickaway County Chamber of Commerce, Rotary Club, and other business representatives gathered on Tuesday, June ...
The volatility in Florida's insurance market is showing no signs of easing. Farmers Insurance announced this week its decision to stop offering Farmers-branded auto, home and umbrella policies in ...