News 2837 Allstate Home Insurance Decrease Rates Texas |
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Good news for Allstate policyholders in Texas. After a contested hearing, the Texas Department of Insurance has ordered Lloyds Allstate, the Allstate Insurance company operating in TX, to reduce their home insurance rates by 5% for all policyholders. Additionally, the insurer must refund all policyholders the difference between the rates they have been paying since December of 2004 and the new reduced rate plus interest (13.25%). This will cost Allstate in the neighborhood of $60 million. Read more: Texas Orders Allstate to Reduce Rates, Refund Customers (Insurance Journal) Texas Insurance Commissioner Mike Geeslin signed a Commissioner's Order requiring Allstate Texas Lloyds to reduce rates for all Texas policyholders by 5 percent, the Texas Department of Insurance rep Resources at MostChoiceRecent Home Insurance Resources at MostChoice:
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Auto insurers revvin' up their rates After two years of declines, car insurance rates in New York are climbing again. That's bad news for New York drivers, who already pay the second-highest premiums in the country and are dealing with sky-high gas prices. Jeff Gerritt: Setting Insurance Rates: Credit Scoring or Gouging? Insurance companies in Michigan no longer will be able to use customers' credit scores to set home and auto insurance premiums if a state Court of Appeals ruling stands. Reform advocates are happy, arguing that credit scoring is another way insurance companies discriminate against urban policy holders. Toward a Definition of News The future of news is about adapting to change. As a kid growing up in West Texas, I had a paper route and lived in a home where we had one paper delivered every day and sometimes bought a big-city paper that being Lubbock or Amarillo on Sundays. 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