Farmers, Liberty Mutual on-track for significant premium gains

Farmers Insurance, meanwhile, came in second, as its subsidiaries stand to see additional premiums of more than $575 million across 42 states.

Rate increases for Liberty Mutual, Farmers

According to S&P Global, some of the largest increases to homeowners insurance rates were granted in Texas, where regulators approved hikes that would raise Liberty Mutual’s rates by 20.8% and Farmers’ rates by 9.6%.

Texas regulators similarly approved rate hikes for other major insurers, although by smaller amounts. USAA was approved to boost its rates by 4.9%, while State Farm and Allstate were given the green light to increase theirs by 5.1%

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