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Tag Archives: homeowners

Allstate asking for increase in homeowner insurance rates

ACROSS MISSISSIPPI — Mississippi Insurance Commissioner Mike Chaney says Allstate Property and Casualty Co. will increase homeowner insurance rates 19.4 percent in Mississippi. Chaney told The Sun Herald newspaper that Allstate was threatening to drop 18,000 policyholders unless he allowed a rate hike of at least 44 percent. He said he “worked diligently to negotiate the requested rate down to ...

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Chaney denies Allstate's rate hike request

JACKSON — State Insurance Commissioner Mike Chaney has rejected Allstate Property and Casualty Insurance Co.’s request for a statewide rate hike of 44 percent. Chaney said the company failed to justify its rate request and has filed requests for high increases since Hurricane Katrina in 2005, possibly as a way to price itself out of the Mississippi market. Allstate requested ...

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MDA focus: Residential energy efficiency

Two seminars remain in a three-part series the Mississippi Development Authority is hosting on residential energy efficiency. The first session was March 22 and the remaining seminars are March 29 and April 5. The seminars are open to homeowners, those looking to buy or remodel a home, homebuilders, inspectors and appraisers. The sessions are designed to inform attendees about proper ...

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Safeco to offer wind coverage to homeowners

MISSISSIPPI GULF COAST — State Insurance Commissioner Mike Chaney says Safeco Insurance plans to offer homeowners insurance, including wind coverage, in south Mississippi. Chaney says the company will offer 500 to 1,000 homeowner policies wind coverage beginning in mid-March. Some companies have restricted wind coverage, stopped offering it altogether to new customers and/or nonrenewed policyholders who live near shore. Chaney ...

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