Allstate To Raise Illinois Homeowners Insurance Rates By 14.3%

Robert Channick, Chicago Tribune: Business
Tue, 01/21/2025 - 4:09pm

As California smolders in the wake of devastating wildfires that burned 12,000 homes and left billions of dollars in damage, insurance rates are set for another double-digit rise 2,000 miles away in Illinois. Climate change-related weather events roiling insurance markets across the U.S. may well connect the dots between California and Illinois, according to industry analysts. Allstate is increasing homeowners insurance rates in Illinois by 14.3% beginning Feb.

Topics: feb northbrook-based allstate we bloomington-based state farm in december senate budget committee u.s climate florida louisiana north carolina england hawaii in california shannon martin bankrate there s nevada no california illinois climate allstate while state farm senate la pacific palisades eaton fair martin martin raise homeowners insurance rates wildfires states events report weather increase markets customers fire cost billion providers change homes extreme industry increasing month left filing terms happening rebuild monday hurricanes prices companies company increased list spokesperson year

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BING NEWS:

Allstate files for rate hike of 14.3% for Illinois homeowners
Allstate plans to raise homeowners’ insurance rates by 14.3% for Illinois customers. The move, disclosed in a state filing, comes as insurance companies face billions in losses from wildfires in ...
01/21/2025 - 10:53 am | View Link
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Allstate To Raise Illinois Homeowners Insurance Rates By 14.3%

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