Insurance

State agricultural tax rate hikes – California regulators do not calculate the impact of proposed migration

Last year, state farm filing property/injury rates increased by 30% to 55%, citing the continued solvency. The report said the proposed hikes include non-tenant homeowners’ growth of 30%, apartment coverage of 55%, tenant policy of 41.6%, personal liability umbrellas of 53.6%, rent loss of 38%, and business owner policy of 55%.

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