State Farm says 79% Rate Hike Not Enough-Withdraws Request
Insurance Rates in SW Florida Rising Sharply
Nationwide Insurance recently requested a 71% rate hike, citing higher re-insurance costs to cover major catastrophies. State Farm recently requested a 79% hike, but now says that won’t be enough and has withdrawn the offer.
Related Links
State Farm: 79% rate jump won't do
Insurer will seek more as Nationwide seeks 71 percent increase
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