Posted: Aug 18, 2010 4:08 PM by Melissa Canone
Updated: Aug 18, 2010 4:09 PM
NEW ORLEANS (AP) - Louisiana homeowners who get their insurance
coverage from five companies owned by Allstate Corp. will start
paying higher rates in either November or December.
Insurance Commissioner Jim Donelon recently approved rate
increases ranging from 2.9 percent to 11.6 percent, depending upon
which of the Allstate umbrella companies writes the coverage.
But Allstate spokeswoman Allison Hatcher said that up to 44
percent of the company's customers who buy both auto and home
coverage from Allstate stand to see an overall deduction. The new
rate structure makes dual customers eligible for a reduced premium
of up to 30 percent - an increase from the current 10 percent.
Allstate has about 164,000 homeowner customers in Louisiana.