Beginning in June some residents of Mississippi could see their homeowners insurance rates go up. The state Insurance Commissioner has been in negotiations with Allstate Insurance Company for almost a year and a half, before the two reached an agreement. In 2006 Allstate was given the ok to raise rates in Mississippi by 29 percent, with three of the counties considered coastal being raised by 90 percent. In 2008 they petitioned for another rate increase and were given approval for a 14 percent statewide average increase. When Allstate filed for…
Read MoreTag: allstate ins
Allstate Insurance looking to grow in Florida
Parts of Florida may see a small economic boost in Jobs. Allstate Insurance Company wants to expand its presence there and open around 50 new agencies. They’re estimating about 130 new jobs across the state would be created by this addition of offices. This is a big move for the insurance company that just six years ago dropped more than 95 thousand policies, and began scaling back the private property policies (in Florida). They based their decision to expand their agencies because of the huge growth in the north Florida…
Read More