Allstate seeks hearing on rate request denial

by Associated Press

Published: November 8,2010

Tags: Allstate, insurance, Mike Chaney

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.

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