Quote:
Originally Posted by Flyers999
The question arises is: If the Allstate in North Carolina loses mucho money due to hurricane damage restoration, does that affect the Allstate in Florida?
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I hope someone can answer this question.
I always thought it was based on the insurance company's loss in the particular state so if you live in California or Florida, your rates are higher than if you lived in a state with fewer claims such as Vermont. And if you lived in a state with very few claims, your rates wouldn't go up because hurricanes hit Florida and earthquakes hit California.
But it would be nice to get an answer from someone who knows.