Allstate Corp. got the go-ahead from state regulators May 2 to make increases in both auto and homeowner insurance rates, according to the Los Angeles Times. California’s third largest insurer had requested a homeowner increase of 22.3 percent, getting the nod for an 18.5 percent increase. On the auto side, Allstate requested an increase of 20.1 percent, and was given approval for an 8.9 percent jump in rates. Allstate’s new rates will go into effect later this month.
Topics Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Former Lloyd’s CEO Neal Will Not Join AIG; Hancock to Be General Insurance CEO 
Florida Approves 6.9% Average Cut in Workers’ Comp Rates But Roofers Are Worried 
AM Best Downgrades State Farm Mutual Auto 
Insurance IPOs Hit 20-Year High on Wall Street From This Issue
