Allstate seeks hearing on rate request denial
JACKSON — Allstate Property and Casualty Insurance Co.’s has requested a hearing on the denial of its 44 percent rate increase for Mississippi customers.
Insurance Commissioner Mike Chaney tells The Sun Herald that he plans to schedule the hearing for some time in January.
The Mississippi Insurance Department concluded in September the increase was unjustified, but Allstate argues it is warranted.
The commissioner usually hears appeals. Allstate has asked that Chaney appoint someone else because he already has stated he will not approve the increase without a court order.
Allstate requested the rate hike in March, after Chaney had rejected the company’s request for a 65 percent increase.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- UPDATED: House subcommittee tosses discrimination elements from religious freedom bill
- Lawmakers debating alternative to Medicaid expansion
- Chris McDaniel gets a thank you note from Travis Childers
- Senate passes teacher pay raise legislation
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Pickering collects more money from failed beef plant project
- States settle with manufacturers in DRAM price-fixing case
- White House hotel making comeback in Biloxi
- Reactive Surfaces files lawsuit against Toyota in patent dispute