Thursday, April 27, 2006

Insurance Crisis: Allstate get 52% increase

Dan Kyle, former legislative auditor, writes a letter to the editor: "There is simply no good reason for our insurance system to be in this poor condition." Kyle points out that last week the Insurance Rating Commission voted to grant Allstate a 52 percent rate increase for its New Orleans policyholders and the acting insurance commissioner was not present at the meeting. "I can't remember a time when leadership was more critical or more lacking.", 04/26/2006

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