Editorial: Are Illinoisans paying more for insurance due to California and Florida disasters? More transparency, please.

  • Posted on January 29, 2025
  • By Yahoo News
  • 1 Views
Editorial: Are Illinoisans paying more for insurance due to California and Florida disasters? More transparency, please.

Total insured losses from the horrific Los Angeles wildfires currently exceed $30 billion, and they’re expected to go higher. This catastrophe, when all is said and done, easily will be among the top 10 costliest natural disasters in U.S. history on an inflation-adjusted basis. Meanwhile, Allstate, the second largest insurer of homes in Illinois, next month is hiking its rates to insure homes ...
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Yahoo News

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