Day: February 13, 2024

Allstate to Scale Back in New York and New Jersey Following Lower Rate Increases

Loreen
Allstate Auto Insurance rate increase

Allstate’s Partial Auto Rate Increase Approval and Its Impact Allstate Insurance, a titan in the auto insurance industry, has recently been thrown into a strategic conundrum. After receiving approval for lower-than-requested rate hikes in both New York and New Jersey, the company is now reconsidering its presence in these states. Despite lobbying for a 29% rate increase in New Jersey and an 18.3% hike in New York, regulatory authorities only concurred to rate increases of just under 17% and 14.6%, respectively. This partial approval has led Allstate to question its…

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Cost of health insurance premiums drives UD to seek more funding

H. Cutner
Health insurance - University of Delaware Funding

Officials from the University of Delaware have requested additional money from the state legislature. University of Delaware officials recently issued a request to their state legislature for additional funding to help them to cover increases to health insurance premiums. At the same time, the university is also seeking more money for providing state residents with scholarships. The funding would also help to support a dual degree program between the University of Delaware and Delaware State University. The funding requests arrived at the University of Delaware’s annual Joint Finance Committee (JFC)…

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