Insurance companies raising rates for homeowners insurance

Insurance companies raising rates for homeowners insurance

Allstate, Travelers and State Farm are among insurers raising homeowners’ rates after damage from natural disasters defied industry projections…

…Near-record-low interest rates cut insurers’ investment income, and tornadoes, wildfires and Hurricane Irene increased claims costs in the United States last year. The industry averaged annual underwriting losses on homeowners policies in the decade ended in 2010, according to data compiled by the National Association of Insurance Commissioners (NAIC).

Read Story on The Seattle Times…