Allstate Corp. is asking to raise rates for 144,000 Louisiana homeowners who get their insurance coverage from two Allstate companies. According to the state insurance department, Northbrook, Ill.-based Allstate wants an average 11.3% increase for 71,000 homeowners covered by Allstate Insurance Co. The company is also proposing an average 5.9% hike for 73,000 homeowners covered by Allstate Indemnity Co. Together, the requests total just under $17 million in higher rates. If Louisiana Insurance Commissioner Jim Donelon agrees, higher rates would go into effect with new and renewed policies on March 1. Allstate is the state’s second-largest insurer of homes. The state’s largest insurer of homes, State Farm Fire & Casualty Co., received an average 7.8% rate increase affecting 301,000 policyholders on Dec. 7.
Allstate wants a La. homeowners rate increase
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