Come on a 16% P & C factor, little excessive. Also shedding policies put more burden on those existing. I mean who will bear the increase from the nonrenewed policies unless adjustments were made appropriately.
My guess is the tenants will suffer along with the landlords. It would be nice if State Farm could implement that much of a rate hike over a several years instead of just one.
Approved!
State Farm is the 3rd largest property insurer in the state behind Citizens AND Universal Property and Casualty Insurance Company.
Fact Check.
Come on a 16% P & C factor, little excessive. Also shedding policies put more burden on those existing. I mean who will bear the increase from the nonrenewed policies unless adjustments were made appropriately.
57% Rate Hike for Landlords
My guess is the tenants will suffer along with the landlords. It would be nice if State Farm could implement that much of a rate hike over a several years instead of just one.