Articles by Niloy Chakrabarti

Business

Farmers Insurance Seeks 6.99% California Rate Hike, Offers 22% Discount — and You May Feel the Squeeze

California's second-largest home insurer, Farmers Insurance, has requested approval from the state's Department of Insurance for a 6.99% rate hike on homeowner policies across the state. The move comes amidst ongoing efforts to address California's escalating property insurance crisis.Proposed Rate Hike and Enhanced DiscountsFarmers Insurance also announced plans to increase...