Beginning in mid-February, State Farm Fire & Casualty Co. will raise homeowner insurance rates 19.5 percent in the three Coast counties…Allstate is requesting a 65 percent rate hike statewide.
Anita Lee has the story on rising insurance rates for the Sun Herald.
Insurance Commissioner Mike Chaney approved the rate increase, rejecting State Farm’s request for a 45 percent rate hike along the Coast. New rates will apply only for current policyholders because State Farm is writing no new business in the three Coast counties…The Mississippi Insurance Department has asked for additional information from Allstate in reviewing the rate proposal. Chaney’s office did the same with State Farm before agreeing to the lower increase.
State Farm already had raised rates in the rest of Mississippi by 3.9 percent. Continue reading “…and the score in the State Farm game was 45-19.5…Allstate 65-0 next game in town”