Wednesday, November 24, 2010
Farmers Insurance files for homeowners rate increase in Texas
AUSTIN – Farmers Insurance filed for a 3.9 percent rate increase in homeowners insurance Tuesday, a change that will affect about half of its customers in Texas. The rate hike is necessary to handle the increasing cost of claims in Texas, mostly related to weather losses, said Luis Sahagun, a spokesman for Farmers, the second-largest home insurer in Texas.
Stutz: http://dallasne.ws/idGITD
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