National Home Insurance Rates Up 11.3 Percent
California, Texas and Colorado among the states with the highest rate hikes
California, Texas and Colorado among the states with the highest rate hikes
Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. have filed notices of intent with California's Department of Insurance
Areas of West L.A. and the Santa Monica Mountains are also included
The news comes after State Farm announced a similar move last month citing rapidly growing catastrophe exposure
The decision is due to increases in construction costs outpacing inflation, rapidly growing catastrophe exposure and a challenging reinsurance market
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