21st Century Insurance Asks for 28% Rate Hike
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21st Century Insurance Co. has requested a 28% increase in its homeowners insurance premiums, according to a state Department of Insurance filing.
21st Century officials said the Woodland Hills company’s premiums are significantly below the industry average in California and would remain below average if the hike is approved.
21st Century, which has a market share of less than 1% in the state, returned to the California homeowners insurance market in 1997 after being nearly bankrupted by the 1994 Northridge earthquake.
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