Wednesday, April 19, 2006

You’re in good hands, oops….Rating Commission Approves Allstate Homeowners Rate Increase

The Louisiana Insurance Rating Commission approved allowing Allstate's two major homeowners insurance companies to increase rates. Allstate Indemnity Co. received approval for an average 20.6 percent rate increase. Allstate Insurance received approval for a 9 percent average increase. Some Allstate Indemnity customers may receive rate reductions of as much as 11.2 percent, but other customers in the southern portion of the state may see their rates rise by as much as 52 percent. Allstate is the state's second largest insurer. State Farm, Louisiana's largest insurer, said in February that it won't add new customers in the area of the state south of Alexandria. , The Advocate 04/19/2006 Read Article: The Advocate

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