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 ...