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.
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud From This Issue
