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California Orders Allstate to Cut Home Insurance Rates 28.5%

West News • July 10, 2008
Allstate Corp. will have to lower its rates on California homeowner policies by 28.5 percent making an estimated $255 million in annual savings for consumers, the state's Insurance Commissioner ...

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Subject: RE: Ordering Rate Cuts

Posted On: July 11, 2008, 12:54 pm CDT
Posted By: Joe B
Comment:
In today's sputtering economic environment, people need all the help they can get just to pay the bills


CA, FL, LA, TX on & on it goes. Order the insurance companies to cut rates because they are making "too much" profit.

Is it just me because I'm in the industry? How come it seems to only be insurance companies that are scrutinized over their "excess profits" & excessive ceo compensation?

When is Exxon/Mobil going to be "ordered" to reduce their prices?

If you ask me, the insurance industry would be better off spending their lobbying dollars elsewhere.
Subject Posted By Posted On
Allstate Still too expensive California Homeowner
Jan 2, 2009, 2:02 am
RE: RE: Allstate rates Homeowner Rates
Jul 14, 2008, 6:35 pm
RE: Allstate rates Steven Tyler
Jul 14, 2008, 3:35 pm
Allstate rates Homeowner Rates
Jul 14, 2008, 1:43 pm
RE: RE: RE: RE: RE: Stop Cryin Fool Insurnce Girl
Jul 14, 2008, 1:36 pm
RE: RE: RE: RE: Stop Cryin Fool Steven Tyler
Jul 14, 2008, 9:10 am
RE: RE: RE: Stop Cryin Nurance Girl
Jul 13, 2008, 1:59 pm
RE: RE: Stop Cryin Steven Tyler
Jul 13, 2008, 12:52 pm
RE: Salvadore Dia Salvadore Dia
Jul 12, 2008, 1:33 pm
Salvadore Dia Rick
Jul 12, 2008, 12:00 pm
Rick Salvadore Dia
Jul 11, 2008, 11:45 pm
OK, One More Post Good Hands
Jul 11, 2008, 5:35 pm
RE: Insurance Commissioner Responsibility Speaks
Jul 11, 2008, 4:08 pm
Commissioner Nobody Important
Jul 11, 2008, 3:35 pm
Salvadore Dia Rick
Jul 11, 2008, 3:24 pm
Allstate rate reduction - Hurray for the people Salvadore Dia
Jul 11, 2008, 3:14 pm
RE: CA. Lawyers Wrote Prop 103 RMW
Jul 11, 2008, 2:46 pm
California Rick
Jul 11, 2008, 2:24 pm
Insurance Commissioner Diane
Jul 11, 2008, 1:58 pm
Insurance Commissioner Exadjuster
Jul 11, 2008, 1:44 pm
RE: Ordering Rate Cuts Joe B
Jul 11, 2008, 12:54 pm
CA. Lawyers Wrote Prop 103 AZInsMan
Jul 11, 2008, 12:45 pm
Allstate Bart
Jul 11, 2008, 12:38 pm
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