The can’t shoot straight gang in Northbrook must be planning their year-end bonuses with extra diligence this year folks as insurance rates are going up again in a state with some of the very highest homeowners insurance premiums in the country. Either that or another ill-advised share buyback is in the offing as the money pit better known as Allstate is hungry for more of your hard-earned money and unfortunately the people of Mississippi elected an insurance lackey as their commish almost 4 years ago so the only open question was how much more price gouging Chaney was going to allow.
Anita Lee has all the skinny for the Sun Herald today as Chaney’s Allstate bob and weave bullshit finally came to an end with this 20% rate increase. I bet they are already “negotiating” the next double digit increase as we speak.
The bottom line is everyone is paying a lot more for less coverage.
Next up: Commission Chaney breaks his promise to coastal residents as wind pool rates will be going up.