NU Online News Service, Sept. 27, 11:24 a.m. EDT
Recently, Mississippi Insurance Commissioner Mike Chaney said a rate request from Allstate for a 44 percent average statewide increase in homeowners insurance was not justified by actuaries.
Allstate said it found Mr. Chaney's comment perplexing, considering the fact that an actuarial report Allstate said was commissioned by the Mississippi Insurance Department (MID) found that the 44 percent hike was appropriate to reflect the company's increase in non-hurricane and non-wind-related claims and claim costs.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
