Two major California insurers plot massive rate hikes — bringing misery for nearly 1M homes

Source: New York Post

Two major insurers in California plan on raising rates by double digits for single-family homes, which could cause premiums to skyrocket. The AAA-affiliated Interinsurance Exchange of the Automobile Club applied to raise rates for homeowners by 11. 2%, while rates for condos and people renting a home would drop by 20.