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
- District at Eastover construction to start later this year
- Fervor grows for Tuscaloosa Marine Shale
- Ex-Northwest Rankin coach David Coates dies before drug trial
- Stabenow, Cochran brace for full Senate vote on Farm Bill
- Keeping Our Eye On Nathan McNeill
- Counties ‘hoping to get it right’ as they await Tuscaloosa Marine shale boom
- With no interim, board begins hunt for MVSU president
- LNG facility hoping to begin exporting natural gas