Farmers and Liberty Mutual on Track for Significant Premium Gains
Farmers Insurance and Liberty Mutual are set to see substantial premium gains due to homeowners' insurance rate increases approved in late 2022. Liberty Mutual is expected to benefit the most, with an estimated $729.8 million in additional premiums. Farmers Insurance is projected to gain over $575 million across 42 states. Significant rate increases were approved in Texas, Oklahoma, and several Northeastern states. These adjustments highlight the dynamic nature of the homeowners' insurance market and the regulatory landscape influencing premium adjustments.
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