In another sign of a possibly softening homeowners market, exclusive-agent carrier American Family Insurance has cut rates in Illinois by 2 percent effective Nov. 1.
It is the company’s first homeowners reduction in at least seven years, according to a spokesman says. American Family is the fifth largest homeowners insurer in Illinois. The move follows State Farm’s rate reduction.
Was this article valuable?
Here are more articles you may enjoy.
Business Interruption Claims Arising From the Middle East Conflict 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
California Insurance Commissioner Race Has Diverse Field Amid ‘Insurance Crisis’ 
